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Strategies & Market Trends : Sharck Soup
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To: besttrader who wrote (18886)4/26/2001 10:37:49 PM
From: American Spirit   of 37746
 
Prudent Bear ignores an important fact, that other sectors are now leading and that the original leaders are now coming back down to bargain buy level. My projection sees telcos and tech dogs continuing to outperform then co-joining with top techs for a big bullish wave going into the May 15 fed cut. The market is still way-way down. The Naz is not up much at all. The fed cuts will keep coming and the earnings reports are about 90% above expectations. Prudent Bear may not have many customers. I repeat, the bear market was fast and ferocious but it's over now. We;re going up from here, albiet gradually and not in a straight line. Those who buy down here cheap and hold long will be nicely rewarded. I have made long profits 10 out of 12 of the last sessions and I eexpect that ratio to continue. I broke even on the other two sessions. This market still has many oversold pockets and tremendous locked-up value.
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