jgunter's - going out on a limb - wednesday, page-4

Thanks BD. I am truly honoured. I had a feeling when I was writing that post that it was going to be my MLK "I have a Dream" moment.

If we do have this rally it will be like all others before it. Slow, painful. Some will be short at the start and some will be long. A few weeks in the shorts will be nervous and the longs will take profit. Lo and behold, a few days later the market will keep climbing. Those who are still short will be more nervous and those who were long and sold will be nervous too... This nervousness will feed; shorts will cover, longs will pin back their ears and options buyers will forego as the hedging expense is annoying when you are not making cash in a climbing market.

Of course, I could be totally wrong and we could hit Martis' c wave about 2pm this afternoon.