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Wrong. Try.....The market moves in a direction and way to LEAST accomodate
the consensus opinion.
> -----Original Message-----
> From: BobsKC [mailto:bobskc@xxxxxxxxxxxx]
> Sent: Sunday, November 04, 2001 9:06 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] sense of it all
>
>
> You know.. I've about decided there can only be two explanations for the
> action of the past few weeks. All fundamentals point down. Nearly all
> traders point down. Most analysts are mute or flying red flags. So what
> does the market do? It has a nice, fat .. recovery. So, why?
>
> 1. The U.S. government is buying contracts or equities or both.
>
> 2. The pros are taking advantage of the huge short positions out
> there and
> buying them into a panic. If this is the answer, it will not stop yet. We
> have no way seen capitulation by the shorts and for my money,
> capitulation
> works both ways... when we have a panic buying day or two, I will
> expect a
> large sell off as the pros take profits and with the shorts
> terrified, the
> market will then continue to sell off
>
> Oh well.. it's a great traders market like it is. Go either side and if
> you're wrong, wait a couple of days and you'll be right. :)
>
> Good luck next week all,
>
> Bob
>
>
>
>
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