Joe, that would be a good sign.
But if you are not in for the long term and the and the guys keep recommending, I would still be cautious and watch out for:
1. market topping, like most leaders are below their recent highs
and just wandering around.
2. possible developing NEWs (any kind), like:
interest heading higher
currency problem
margins deteriation
revenue trend not acceptable(to those guys)
product cycle not to those guy's liking
My point is pay special attention to MerryLunch and friend's lips
what the market is not as healthy looking.
Long term buy, means NOTHING (INTC,HWP,IBM,CPQ,SUNW,TXN,KO,CL,G,CSCO,
COMS,BAY,T,GM,CHV,XON,..or just buy S&P110 or s&p500 ..........)
Short term buy, may mean buy and get the hell out of there when I tell
you.
Anyway, it is still good that the blessing is there. |
