RALLY TIME!

**Rod** · 11-03-2004, 12:29 PM

Although I'm not currently in, I'm very happy for those who are:^ Seems as if investors are shrugging off the indecisiveness of the election afterall. We are in for one BIG rally!

I'll probably be in tomorrow to catch the wave.

Enjoy those gains guys!:!

**Mike** · 11-03-2004, 01:47 PM

They're called "rallies" in bear markets.

S&P - after making a higher low has now made a higher high. We're in bull market territory now. :^

And I'm very upset with myself for playing it safe yesterday. I just cost myself a huge gain. Blech.

So, do I buy back in today after what is likely to be a 1-2% gain (higher high)? Or do I wait patiently in G for a pullback and then use that opportunity to move back in? I'm leaning toward the latter option, but I'm concerned that this may be the starting point of a longer-term run-up in prices than we've seensince last year.

**Rod** · 11-03-2004, 01:49 PM

Mike wrote:

They're called "rallies" in bear markets.

Yeah yeah...:P

The DJIA is aready up 144 after 20 minutes of trading!:shock:

**smedlap** · 11-03-2004, 02:57 PM

Hi Mike, I suspect today will be a good day of about 2%. I stayed S because the US Market will pick up easy 5% by Christmas and 10-15% by next summer as oil continues to drop and then starts to rise again so I bet on the progressive long term. It's risk sometimes, or fun. But I think the market will pull back a little so I swithched from 100% S to 100% I this morning because the dollar will continue to deteriorate until the Europeans can't stand the loftiness any more. My gamble and we will know tomorrow. But if the I holds true and we have a little pull back in C or S, I'm back in 100% fast! S is best play. My thoughts.

**Mike** · 11-03-2004, 03:06 PM

I've decided to stay in G for the time being. Oil is already coming back up, and I have to think a pullback is in order after today's euphoria.

Kerry has conceded according to the AP.