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To: Ray Rueb who wrote (31271)10/2/2002 2:47:10 PM
From: Ray RuebRespond to of 118717
 
DIA and QQQ give short term BUY signals today

On Aug 29, I said go SHORT. Actually, I said:
>> I'm not usually so negative, but this IS a bear market, and my charts are SCREAMING SELL and SHORT just like they were SCREAMING BUY and LONG at the end of July. I usually don't like to be long going into September and October, but this year it is just soooooo obvious to me.
Message 17931007

On Sept 25, I said COVER
Message 18035724

Today, I'm saying BUY

Please, please, please remember:
I view this as very, VERY short term (1 to 2 weeks)
If lightning comes along, like the Prez saying "invade Iraq", forget about it, this market will turn on a dime and drop like a stone.

Also, I'm very concerned about the west coast port shutdown. If the prez invokes the cooling off period, It could be the spark that ignites the market.

But isn't that the mark of a any bull market: seeded with fear and doubt?

In any case,
You all be careful out there
Ray