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Scenario can not be dismissed out of hand, however I suspect that this will
be more of a dead cat bounce ... let's see if it can take out the last daily
pivot high at 109180. The real question is what price level would give the
shorts enough pain to throw in the towel and begin covering en masse ...
guessing above 1120+-. I don't show breadth, VIX, sentiment at levels which
would support a sustained bear market rally.
Earl
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 08, 2002 8:15 AM
Subject: [RT] Rally
> Could this be the start of that Bear Market rally I mentioned
> yesterday. How big of a short squeeze can we get? Ira
>
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