Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: lee kramer who wrote (100448)	6/3/2000 9:00:00 AM
From: Jerry Olson	Read Replies (2) of 120523

Lee.. sorry pal, gotta disagree with you here.. the bear market is over...it ended officially, when all the indexs and major league stocks broke their downtrendlines last week decisively... and we bottomed right at the macro cycle lows on the 24th/25th time frame from the 3/10 top..alomost exactly 77 days...that was the total life of that bear... as the economy slows here the street will worry about corp. profits and revenues and everything else they can think of...does not matter..because here and abroad we are still growing and expanding... these rate hike haven't even begun to take their toll...the last hike of .50 basis points will have an effect 6 months from now...i doubt AG will move anymore...in fact it would be a major mistake... so i am long, loving it, will now go to swing and position type trades..will leave the shorting to others...for now..might short those high pole candidates tho..there always juicey...i look for a 1-3 day pullback next week mid to late..and then explosion to the upside... i think we are in a sweet spot, because those macro cycle lows are over..in fact, after a slight pullback on the S&P's here toward 1448/50 area i will heavily buy that dip for the expected cycle HIGHS coming around the 16th to the 22nd.... as for that capitulation everyone was expecting...i think we did in fact see that event...the week of Apr 14th, the NAZ crashed 25% in 1 week.., and that last day we traded 2.8 billion shares...that was panic selling at it's best..and that was the lows of this year... we may get to test them on down the road some time..but not here and not now...we are heading higher...where too??? don't know...just know i'm trading the long side on every dip now... man i feel good....hope you had a nice rest...OJ

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