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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (3883)	10/1/2002 8:40:43 PM
From: Petrol	Respond to of 57110

The rally came despite some dismal news on the economic front. "You can only push them down for so long and then they snap back," Piskorowski of Prudential said. "It's still a sellers' market. It's not like the economy all of a sudden is back up and running at full steam." There are lots of caveats in there...

To: MulhollandDrive who wrote (3883)	10/1/2002 9:08:55 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 57110

Markets rise as analysts wonder why I threw in the towel maybe a day ago only to recharge long and nuts long. I am much happier with that position tonight after seeing that. Just pointing out a few thoughts. Look at the weekly SPX chart the last several times it triggered coming up from under 30. We have a lot of week left but it's a thought. As I have been pointing out to some the equity put/call has been obscene like everybody and his brother is short. That won't stick IMO. Almost everyone is expecting us to puke here and market history says we won't. All of us want to catch the top to short cause it will truly be the mother of all shorts but I fear we are a little early to that party. Just thinking out loud and will be gone for 2 days so let the market do what it will, climb:)