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Strategies & Market Trends : gary smith shorts and longs -- Ignore unavailable to you. Want to Upgrade?


To: drsvelte who wrote (329)2/3/1999 12:53:00 PM
From: backman  Read Replies (1) | Respond to of 430
 
to paraphrase my drinking buddy, Al G., i think there is way too much enthusiasm here...everywhere else, (except the technicians) it's: "let the good times roll"
last year (pre-technical days), i was buying through july/august, even though the technicals were shot...something is going to happen, and i dont have a clue...perhaps a bias to tightening...but the market needs an excuse to go down.
also, the adv/dec looks like a replay of not enough indians, too many chiefs...active participation by tech superpowers, although even IBM can come down (see december).
no, everything i do now is in little pieces, and i'm working at getting cash off the table
david