Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (14943)	11/1/2002 12:34:16 PM
From: David Howe	Respond to of 19219

<< On the other hand the fact that everytime I turn on a TV it seems literally everyone is 100% sure we have hit the bottom of this bear makes me think they are likely to end up being wrong. >> Funny that almost everytime I turn on a TV I hear the exact opposite. Nobody is calling the bottom anymore, not that I can find. IMO, Dave

To: Killswitch who wrote (14943)	11/1/2002 12:51:05 PM
From: High Country Trader	Read Replies (3) \| Respond to of 19219

>>>>...This is not the sentiment I would expect to be seeing at a real bear market bottom......<<<< Brian, we actually don't disagree here. Some sentiment indicators haven't gotten anywhere close to levels associated with past bottoms. As for those on TV who are 100% sure we have hit bottom, they have been saying that for what, the past several thousand points down and have already been discredited and wrong. But you have to respect rising prices and especially the market's resilience this week. I have quit trying to have opinions on the market as I'm usually wrong and a trader with an opinion usually ends up broke over the long haul. Had I traded on my opinions the past x amount of years, I would have been bankrupt long ago. But maybe it's possible we will enter or have already entered a cyclical bull within the confines of a secular bear. So we go back to Dow 10,000 and Nasdaq 2000 where the bullishness becomes rampant again and then we go back and make new lows in the secular bear. I would have thought after such a huge decline the past few years that it would have wiped out the residue of the ingrained bullishness of the late 90s, but I guess it's going to take something really bad and unforeseen to ever accomplish that.

To: Killswitch who wrote (14943)	11/2/2002 12:51:48 PM
From: mishedlo	Read Replies (1) \| Respond to of 19219

Where are the bulls? Are you crazy? They are everywhere. Running thru my living room right now. look at the enormous numbers of calls building up. Take INTC for instance 50K calls vs 25K puts at 15 43K calls vs 12K puts at 17 1/2 10K calls vs 0K puts at 20 Rampant bullishness if you ask me. 50% rally off the lows and call buying greed is rampant Look at MSFT - same story Look at QQQ 126K calls vs 106K puts at 24 102K calls vs 38K puts at 25 56K calls vs 21K puts at 26 34K calls vs 5K puts at 27 This is major bullishness, most of those positions built up AFTER huge gains were already in M