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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (15502)	10/26/2004 8:02:24 PM
From: jrhana	Read Replies (1) \| Respond to of 60913

I think the down trend is clear but why can't it stay in a channel indefinitely?

To: SwampDogg who wrote (15502)	10/26/2004 9:59:44 PM
From: que seria	Respond to of 60913

My view, too, fuddle. I added some puts today and yesterday. I try to avoid that because the odds are against buying time. However, we may have a bear trifecta these next two weeks: pre-election threat/morning after-reality, Fed hike/spin failure, and foreign limits/debt reckoning. Of course that's known and the risk is it's priced in, but I don't see much fear. Nasdaq and NDX looking good, as is HUI. I'm staying in small tech, small gold explorers, short the major market, and cash. I suppose you could say I'm betting on a post-election hangover. Bush wins--more of the same. Kerry wins--still a war, plus more taxes promised on high income and the pursuit of a cap gains tax hike seems inevitable. If there is a market party after this election, I'd liken it to a hurricane party: people are free-spirited, a little apprehensive, then chastened by that looooonnng cleanup. Except I doubt there will be enough people acknowledging the state we're in to mount any effort at cleanup. Denial there's a mess is easier. Party like it's 2000!!!

To: SwampDogg who wrote (15502)	10/27/2004 3:40:43 AM
From: Kailash	Read Replies (1) \| Respond to of 60913

Was the rally "bogus"? If you have real optimism, you get accumulation when the market dips, market makers try to keep the price down while they amass shares, then they let it rise and dole them out. Today's housing stocks just shot up, the way you do to take out shorts. I look at the charts and just can't believe this is a new trend -- it's like a fish on the hook, flailing to get off. It would be fun to see a real drop this week -- catch the wave and surf it down. But the pattern says we're turning, we're headed up, some good news will be found to justify it. Cheers, K