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<SPAN
class=50231105-01112001>EXACTLY......."this is called climbing the wall of
worry".....
<SPAN
class=50231105-01112001>
only
question is: How many climbs will this market endure before a "real rally"
insues ?
<SPAN
class=50231105-01112001>
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<FONT face="Times New Roman"
size=2>-----Original Message-----From: ric ingram
[mailto:ringram@xxxxxxxxxxxxx]Sent: Wednesday, October 31, 2001
9:29 PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
Digest Number 652John,At 00:38
01/11/01 +0000, you wrote:
Date: Wed, 31 Oct 2001
17:41:51 -0800 From: "John Nelson"
<trader@xxxxxxxxxxxxxxx>Subject: RE: Anyone believe in old Bernie
here ?GDP is in negative territory. My suspician is that
CPI and labour numberswill suck once released later this week.
Lots of reasons to stay out ofthis market (or at least not be long in
the volatile stuff) and turn OFFCNBC.Also take a look at the
weekly chart of both the Dow and Nasdaq. Thosecharts look pretty
bad IMHO.And yet Louis Ruikeyhser (whatever) continues to glibly
reassure theAmericanpublic that everything is just fine. I
wonder how much more pounding willconvince the public that its time to
throw in the towel?Until it is almost the the
bottom!When the market makers are nearly stuffed full of stock they
have been buying from net selling on the way down, they will see a nice
surge of selling from the public at rock bottom prices, put it happily in
their pocket and watch the market rise as quickly as it fell and laugh all the
way to the bank.Trading with good feelings, Ric.To
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