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 : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Kelvin Taylor who wrote (49416)	10/8/2003 2:43:49 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

the entire article Bears Can't Find Opening By James J. Cramer 10/08/2003 02:15 PM EDT Click here for more stories by James J. Cramer Market Commentary BULLISH The market used to let you in a lot more than it has lately. This down-slightly day is discouraging to bears. You can't establish new positions here. The bears' real nightmare: a gentle selloff. What the bears need now more than ever is one of those back-to-back shellackings that allow people to get in at prices that truly make a difference. They need to get in to the market when Yahoo! (YHOO:Nasdaq - commentary - research) is at $34 or when Amazon (AMZN:Nasdaq - commentary - research) is at $48, and I don't right now see how that is going to happen. But it is a hoped-for scenario if you are bearish for certain. This down 50-60 stuff just doesn't cut it. You can't buy here and believe that you are getting bargains. The market used to let you "in" a lot more than it has of late. That selloff we had last week, which seemed so ugly, didn't really produce a lot of price breakdowns. The longer we stay up here, the longer we become ingrained to the idea that Wal-Mart (WMT:NYSE - commentary - research) isn't going back to $53 any time soon, that United Technologies (UTX:NYSE - commentary - research) will see $80 before it sees $70, that Caterpillar (CAT:NYSE - commentary - research) is simply in orbit and the most it will do is stay unchanged for a couple of days, not ever go back to $60. There becomes an inevitability to the prices. That's why this down-slightly day after five up days is discouraging to the bears. You can't bring in anything here. You can't establish new positions here. Frustrating, and you can sense the frustration