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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (72668)	5/2/2003 8:31:10 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

It's a bear market. "Bad shit happens in bear markets." The Elliott bears know all about disease and bad shit. They've been looking for it since the mid-nineties unfortunately. -g More recently, I read too many who have been calling for a '3' down for way too long. That's a fat call. We know wave 3's are a gruesome sight in full flight. Their path was to get to Dow 4000 in a leg. Shorting became the business of marginal traders. R.N. Elliott is supposed to have said something like, "The most difficult aspect of the Wave Principal, is believing what you see." (In this statement, the mass-pschology of Elliott gets turned back on the trader and his pschology.) The bears are still too eager imo. Folks have fought the tape for many weeks now. Short interest grows. QQQ OI is still too bearish. Richard Russell is one of the few analysts of any note to have told bears to chill-out about 3 months ago. Everyone else has sucked. -g/ng