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Pastimes : Trading the markets.....

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To: Carolyn who wrote (3253)	2/5/2001 8:03:28 PM
From: GROUND ZERO™	Read Replies (2) of 4583

Hi Carolyn, I don't think the NAZ is random at all, I think the patterns are orderly in all the major averages... there was a major bubble of speculation, everyone just "knew" the markets were going to move higher, but now no one is really sure... I take this as bullish... the fear is back and the risk is back and the speculation is gone... this is what an orderly market needs for a sustained move... moreover, the chart pattern is healthy and I really don't see anything on the horizon to give me reason to pause... the Feds will ease another .75 points at least and these markets thrive on that environment... 4 of the last 6 times the Feds lowered rates, these markets rallied by 30% or better... the other two times we had serious recessions... we're not going to have a serious recession with unemployment at a 30 year low of 4.2%..... there is nothing to trash these markets, even the selling is on lower and lower volume... as Bill H. pointed out in one of his posts on this thread in recent weeks, the selling volume has not been this low since December of 1994... Take a look at December of 1994 in this monthly SP chart... charts.barchart.com A single picture can tell more than a lengthy post.....BWDIK GZ

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