now the bulls are paranoid, page-12

  1. 175 Posts.
    anyone can sound like Paul Clitheroe, nkarp.
    fact is the dow will find support at 1000. the trend is down. there will be countertrend moves, but the trend is clear.
    I will go with Prechters expectations that 2003 will provide our first major low, I guess late 2002 is not out of the question.

    "During the bear market, the best strategy will be to look for overbought conditions and short term divergences to sell SHORT. Any BOTTOMS that will lead to tradeable rallies will be marked by oversold conditions that are both deep and divergent, and not all of these will be trustworthy."
    Prechter
 
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