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To: Perspective who wrote (59545)	11/14/2002 10:35:45 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

bobcor, could you be a little more specific particularly for the benefit of those of us who trade in the short timeframes: when you say "this is no time to be exposed to the short side": what do you mean by the word this? Do you mean, for instance, "tonight" or "for the next several hours" or "for the next few days" or "until the 10sma crosses below the 20sma?" And could you cite some specific indicators on the hourly or daily charts that support your view about this not being a time to be short? I'm not necessarily disagreeing with you, but I would like some clarification. TIA

To: Perspective who wrote (59545)	11/15/2002 3:46:45 PM
From: yard_man	Read Replies (1) \| Respond to of 209892

>>4. PROBABLY THE MOST IMPORTANT: Bear market rallies frequently have little backing and filling! Recall last October - we all kept looking for a 38% retracement that never came. That rally produced little form except for stair-step moves of a wave up followed by a flat corrective wave to retest the breakout. Repeated four or five times if memory serves me correctly. << All the same we have had precious little of that -- and we need some for a 2nd leg, IMO. I don't mind being stopped out -- won't short tech here -- but adding into the close. A little doubt can propel a bear market rally -- but NO doubt -- well ... I doubt it <g> Know any bearish technicians here??