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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who started this subject3/6/2001 7:02:04 PM
From: ig  Read Replies (1) of 52237
 
Are We There Yet?

Pretty darned close to The Bottom, if you ask me. (In the Naz, that is.) Maybe one more weak break of the 2071 low, possibly touching lightly a few points below 2000, then everyone will see how weak the bears are and The Bottom will be in.

Greenspan's first rate cut was Jan 3. The first effects of that cut should be seen in the economy by June. Here in the first week of March the market has already started to factor it in. In June, when positive new economic numbers confirm the market's judgement, there will be more buying. The REAL buying, though, will come when 3rd quarter earnings reports begin to confirm the improving economic numbers we can expect to see this summer.

ig
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