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Re: westpacific post# 104401

Monday, 05/05/2003 12:37:56 AM

Monday, May 05, 2003 12:37:56 AM

Post# of 704047
westpacific: I admire your conviction. I wish I was as certain of my thoughts and analysis as you are of yours. I guess four decades of trading has made me a wee bit wary. I recall Very Strong promises of higher and higher prices at or near many market tops; and dire warnings that the markets would collapse while in fact they were bottoming. I think the probability of a Naz bottom now is somewhere near 65 maybe 70%. And I have no idea if they'll move sideways for a few more months or start a new mark-up phase...or when. 'Course, it doesn't matter all that much to me as I'm a trader, very short-term and play both sides of the Street; short and long.

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