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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (17340)	11/27/2002 2:16:13 PM
From: LTK007	Read Replies (3) \| Respond to of 30712

But numbers today and light volume of today and the notorious 1/2 day on post thanksgiving when traders all play long, we, i strongly suspect blast through 1500, no problem. Not a fresh start, of course, but we must take this day by day now,and as of at now have we have had NOT one strong signal of reversal, not one, so that the potential this rally will run to the EOY remains a constant. The pattern is now showing vigor greater THAN 2001. From my view all taking a significant short now are doing so on a hunch and not on any TA. Today's action totally wipes out yesterdays "mild indication" of reversal. There is , as usual, unmitigated joy the consumer is ramping up his spending. For me, who looks in the future, long term, this event is again disaster in the making. But damned if i am going to go through explanations. I know why the future will be what it will be and ONE reason is we have an overall consumer population that is as frivolous and irresponsible as any that have lived in a concentrated population, ever. But hard fact, the ticker i saying "i damned well MIGHT run right to January". So shorting now is by "hunch" only, IMO. max P.S. you will see i am never one to be effected by vacuous rallies and those screaming the Bull is back can shout ALL they want, i fully expect such behavior. But damned if i don't think i am living amongst the most economically spoiled generation i know. We are prepared for absolutely nothing as the money game on Wall Street not only blinds all but also with Madison Avenue efficiency continues to destroy the american brain-cells. BTW i love to write this stuff when the LTBH bulls are in heat, and NOT! when they are being annihilated. My only responsibility is to , with my deep convictions, say, "Baby this Bear Ain't Over!". If no LTBHers listen, that's their mistake, but history tells me they will not listen and thus a BLOODBATH in 2003. It all just the "Human Comedy", as written by William Saroyan. Max ---, hey ALL have a nice Thankgiving! and if there be one LTBHer on this thread, hey, when a Strong Sell Signal comes, sell!!!!!, and re-enter another day. My broker who was down from 50% is now down 35% and WILL NOT be selling, no way; he and i are friends, but i know what talking to the brainwashed is like. My gawd to this day he thinks Lawrence Kudlow and Abby j Cohen are JUST Great!!!! Max