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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Jorj X Mckie who wrote (8448)4/19/2001 4:30:50 PM
From: John Pitera  Read Replies (1) of 15481
 
The question is, is this just a nice bear market rally or the real thing? I think it's important to remember
that sometimes we should deal with the short to intermediate term, and it really does not matter, except for our
vanity that we are able to make the Long-term "Big Call" about Tops and bottoms.

It's fun to surmise about, but it's important to not get married to "Big Picture Outlooks" if the evidence begins to
shift significantly in a different direction. We should listen to the Market in terms of internals, leadership,
sentiment and watch the fundamentals like the USDollar and Interest rates, as well as had company earnings
and growth are progressing.

I don't want to know the answer just at the moment, let's keep cool heads and watch how things progress.

One thing after the way the market sold off from thurs Jan 4th into the following tues, it makes sense that
it should do the opposite this time to trick the traders. :-)
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