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SyndicateTwo

10/10/06 11:37 AM

#1120 RE: randygee #1116

But that's a very dangerous game to play as the next dip could be the next correction. Again, it's easy to say that on a rally like this where everything that matters gets thrown out the window. But eventually it does and will matter and the larger this rally, the bigger the reality check.

I'm really starting to think that we are headed for an ugly Nov and Dec which will clean out this rally's excess and fast money and will lead to the big rally next year. I'm not sticking with that story for now, it's just a thought. I've done this too long to see how this stuff plays out.

Oil down $1 now on top of the 'record high' headlines is what's driving brokers to get their clients to invest in droves is what I'm thinking. But many of these stocks are simply over shorted. Much of this is just trapped shorts. Eventually that will come to an end and the piper will be paid in spades.

Buying the dips is fine on technically sound rallies. This is not. We're about to get a blowoff. And if that comes, that doesn't bode well for Nov and Dec.
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randygee

10/11/06 10:54 PM

#1161 RE: randygee #1116

well, we got our dip as predicted...let's see how tomorrow and Friday pan out...