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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (73221)	5/24/2006 9:52:55 AM
From: Bid Buster	Read Replies (1) \| Respond to of 94695

You sure? -g-

To: Real Man who wrote (73221)	5/24/2006 10:00:42 AM
From: Rarebird	Read Replies (1) \| Respond to of 94695

>>we have a buy today, and we are going to 1360 in 6 weeks<< Don't kid yourself. It could happen, but watch out below afterwards. No BK. Just a 20%-30% correction. I'm sure you noticed that the stock market rallied vigorously Tuesday, but gave back much of the gains in the last hour as the newly-emboldened bears sold the rally short. After a few weeks of success, you can tell it's going to their heads and that is a key ingredient for the coming rally: overconfidence on the part of short-sellers. Sentiment remains solidly in the overly-bearish camp even on a day when the market rallied pretty well. This tendency to sell the rallies short -- as the bears did on Tuesday -- is the flip side of the coin from the tendency of bulls to buy the dips. Both behaviors are contrary indicators most of the time. This time, the bulls are gathering strength for a rally back to higher levels, possibly to new highs. And, much of the panic will be from the bears covering short positions as they buy to stop losses from accumulating. Short Term: Up Intermediate Term: Down Long Term: I hope I live long enough to see it. PS A Bear market started on May 11.