FTSE - So where is the support

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fishman - Thu, 21 Dec 06 :

ok,yah:
that seems to be what has been going on for years now!
And probably why we still won't see the true top for a while.
So many yardsticks for use as explanations of why the correction must happen have fallen by the wayside. I like the way shorters talk of having taken off shorts, or being stopped out. That's 'losing money', right?
Too much guesswork based on 'a little learning'...ok my opinion, but glaring nonetheless, to me.
It will be interesting to see whether the big expected new-year collapse leaves those anticipating such a thing seriousely down.
In spite of what is said, the only commentary I generally see is re the expected new year fall.
So of course one should bet against that!


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