Hi Bruce - that is so true :), especially human psychology. I mean, law of nature is anything but
sfgate.com
but the human mind keeps insisting the world should not change too radically else it ruins the human vision how heaven and earth should look like <gg>
But I digress! Fwiw, maybe the pundits are applying the Fields of Dream concept [you know, "if you build it, they will come"] by repeating how the Naz has bottomed, here is another one, from CBS MarketWatch
Better days ahead?
--11:54 am - By Julie Rannazzisi
A couple of technical analysts pointed to positive technical signals which
suggest the Nasdaq may be finding its footing. "While we have so far not
seen any firm evidence of positive reversal, there is a potential pattern
unfolding in the Nasdaq that suggests a short-term rally may be in the
making," said Terry Danish of Investec Ernst & Co. He pointed to Monday’s
reversal, which saw the Nasdaq recoup most of its losses. Dain Rauscher’s
Robert Dickey said the semis are the first group that appears to be
completing the bottoming process to begin some better trends. "The
advance-decline line is still weak for the Nasdaq but the new high/new low
ratio is showing some improvement," Dickey noted. And the breadth picture
on the NYSE is even more encouraging, he said, as the advance-decline line
and the high/low ratio have both been on the mend over the past three
months, suggesting better times lie ahead.
They got no objection from moi <VBG>
best, Bosco |
