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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (83800)	5/3/2003 4:42:01 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 99985

Apparently Jim Rogers states that he's not short any stocks at this time. I've haven't seen him bullish on stocks in some time.. He's been mainly into commodities and bonds. Doesn't mean he won't be tomorrow, but he's even expecting a rally (but not necessarily a new bull market). Hawk

To: Jorj X Mckie who wrote (83800)	5/4/2003 11:41:54 AM
From: Tom Pulley	Respond to of 99985

Thanks for showing that as the plot I linked to could have been misleading (actually was misleading but unintentional). Its a very good point that in a bull market, indcators can stay overbought for a long time. And actually of course, there is no one or two indicators that are correct all the time....in fact, I doubt there is any model or group of indicators that are right all the time. There is no doubt that my short position could be wrong at this point. On a historic statistical basis, the short I will put on Monday morning has a good probability of being a profitable trade.....but you never know when the market will fool you. And perhaps this is the time. Tom