turning point?, page-23

radge

We really don't want exuberance initially in a rally.

You have seen how massive updays are just wonderful selling opportunities.

This is always the case in bear markets. There has not been a 300+ day in the Dow in any bull market ever we are informed.

What we need is some hesitant base building and then some stronger moves can happen.

It will be the older and wiser heads that paricipate long before those recently shorn realise a rally is worth participating in.

In spite of all that has happened, it still appears that there is too much optimism and optimism is not there at important bottoms.