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The Bull will reawaken soon. The only difference between the Bull we
knew in the mid 1990's & the coing one is that this fellow will be on
Valium,!!, He'll make the 90's look like range trading
Peter
-----Original Message-----
From: steven poser <swp@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, 15 October 1998 1:22
Subject: Re: [Doom and Gloom Dow Industrials Forecast]
>Mitch -
>
>That is a point worth noting, but outside of this list and those that
>follow the astrology guys, I do not think everybody else is truly
>looking for the capitulation trade on Black Monday's anniversary. Though
>Acampora downgraded his targets, many of the big street technicians
>believe that we have put in a bottom for at least another month.
>
>The other thing to be aware of is that if the market does blow up by
>500-1000 points in a day, it will require some action from the Fed to
>make people stick their feet in the water. Every try catching a falling
>knife? People will not just jump in without a good reason. How many
>times have you said that you will buy when something gets to a certain
>level, and then did not (unless you are real disciplined or already had
>the trade in, or were smart enough to be short into that level).
>
>I do believe that the capitulation trade will be met with a rate cut and
>that a bottom will be in soon, but I would not count on the views in
>this forum as being universal.
>
>Steve
>
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