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marks37

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marks37

Re: rocketrice post# 4958

Thursday, 12/06/2007 9:52:30 AM

Thursday, December 06, 2007 9:52:30 AM

Post# of 6957
That is of course true, but, where do you expect the buying pressure to come from. Most of the longs have already averaged down and are not going to throw more good money after bad. From a technical point, there would not seem to be much reason to buy at this point. Why try to catch a falling knife? The only way there would be any buying pressure is if a favorable PR were issued and it is doubtful that one is on the horizon in the near future. I don't consider painting the tape on the close to be buying pressure.

Bulls and Bears prosper, Pigs get slaughtered.

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