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Re: Smart_Money post# 362596

Thursday, 02/24/2005 4:42:34 PM

Thursday, February 24, 2005 4:42:34 PM

Post# of 704047
I would have to believe that is the stance to take over the longer term, but short term (as in day-to-day) that may not be such a good idea. It really depends on your timeline. I am not a day trader so sometimes my outlook might seem skewed to that of someone who trades frequently. As pointed out by Burk, the P/C ratio hit 1.27 and then the COMP suddenly turned and went into a nice upside move. The part I find cautionary is that the Small Speculators are heavily long while the Large Speculators and Commercials (or smart money) are on the other #msg-5539135 We know from the past how this usually turns out, but buying the dips continues to work until it doesn't.


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