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S&P 500
5,427.13
(
-2.31%
)
US TECH 100
18,474.00
(
-0.33%
)
Dow Jones
39,853.87
(
0.00%
)
Brent Oil
79.49
(
-1.55%
)
Bitcoin
64,240.30
(
-1.73%
)
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bald mountain

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bald mountain

Re: Teri G post# 37085

Monday, 10/21/2002 4:57:08 PM

Monday, October 21, 2002 4:57:08 PM

Post# of 704019
You can feel the desperation of the shorts, looking for any bad news to take the market down. Looking for any negative spin.

The Secretary of State just said that War with Iraq is now unlikely, the price of oil dropped, bonds are being sold and equities are being bought. Retracements sure, but I thought smart traders shorted at the top. That was almost 3 years ago. Aren't you supposed to go long at what looks more and more like the bottom?

Why be a desperate short now?

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