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True, nobody knows. But I think a heck of a lot of giddy, dart-throwing
fools lost their shirts,
and retirement savings during this recent dive. The taxi-cab drivers that
were offering stock picking advice now have decided that they do not like to
trade stocks anymore. The line of lemmings to sign up for the next run-up
will be much smaller, IMHO.
and the fear is in the survivors minds what can happen on the downside, and
that seed of fear will turn this upswing to dust before this year ends -- I
am watching for the next entry short.
JT
----- Original Message -----
From: "Carl Vanhaesendonck" <carl.vanhaesendonck@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Wednesday, January 17, 2001 2:02 AM
Subject: [RT] Re: The Reason for Nasdaq's Temporary Bounce
> James,
>
> I agree - I was not to say that a new bull market was in order. Just
> that IMO the bears would be taking a nap for a while. Nobody indeed
> can say whether this will be only a upside reaction in a bear market,
> or a new bull market.
>
> Carl
>
>
> --- In realtraders@xxxxxxxxxxx, "James Taylor" <jptaylor@xxxx> wrote:
> > I wouldn't go so far as to say a bull market is forming, far from
> it.
> >
> > The lemmings that got their lunch eaten by this last decline are
> wiped-out,
> > and it will take a hell of a long time for the next batch to amass
> enough
> > money
> > to form another bull market.
> >
> > We are at best, in a bear market up leg. I wouldn't get to excited
> about
> > it, unless you
> > are a bear and are waiting to pounce on the next inflection point.
> >
> > JT
> >
> >
> > ----- Original Message -----
> > From: "Carl Vanhaesendonck" <carl.vanhaesendonck@xxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Tuesday, January 16, 2001 2:48 AM
> > Subject: [RT] Re: The Reason for Nasdaq's Temporary Bounce
> >
> >
> > > Just one comment, I made the following observation re Nasdaq and
> > > Volume:
> > > The last months were characterized by an inverted volume behavior
> > > (increase in volume when prices decreased, and decrease in volume
> > > when prices rised. From the 1st trading day this year, this has
> > > changed: the volume increased increased and decreased in synch
> with
> > > price, which would suggest a bull market is emerging.
> > >
> > > With most indicators, like MACD, there has been not one, not 2,
> but a
> > > triple bullish divergence, which is quite rare and also could
> > > indicate the down-up trend reversal has already started.
> > >
> > > We will see...
> > >
> > > Carl
> > >
> > >
> > > --- In realtraders@xxxxxxxxxxx, DH <catapult@xxxx> wrote:
> > > > > For me the evidence is building that we have a significant
> bottom
> > > at least
> > > > > as good as fall 1999.
> > > >
> > > > Further evidence, David Tice was a holiday guest host on CNBC
> today
> > > and
> > > > was answering questions from little old ladies in investment
> clubs
> > > about
> > > > how to short stocks. :-)
> > > >
> > > > --
> > > > Dennis
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxx
> > >
> > >
> > >
> > >
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
>
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