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

To: Real Man who wrote (87075)	4/8/2009 6:19:04 PM
From: GROUND ZERO™	Respond to of 94695

You're right, nobody trusts this rally, and that includes me at the top of the heap, I'm as nervous as the next nellie... but, all my systems and signals are go for launch, we're going to see much higher markets, and soon... the only thing is that we're just a bit oversold, but not as much as we were earlier in the week... you're absolutely right about your assessment of market psychology, and the only thing I can add is that in bull markets the overbought condition is worked off by going sideways to a bit lower, this is exactly what we have, a bullish corrective phase... in bear markets, when the market is just slightly overbought, the heavy selling begins again with no mercy, this is not happening and has not happened since we hit those lows on March 6th... I think you're right, the lows are in, we're going higher, that proverbial wall of worry crowds around us like tall shadows in late afternoon, it gives us all the heebee jeebies, but I'm all in for the ride...<g> GZ