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

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To: dennis michael patterson who wrote (7106)5/5/2001 10:43:20 AM
From: catman  Read Replies (1) of 52237
 
Food for thought....
this is my first post on this thread....its not exactly TA or FA, but I do believe it relates to a broad market analysis...sort of. While many of you are looking at the economy from a much deeper perspective, I am looking at a different scenario as I don't have the level of knowledge many of you already have. While TA and FA does does not support what we have seen in the market over the last month, the reality is, it has happened. We live in a society that moves at mach speed....this incredible expanding economy turned on a dime and collapsed in the last year.....analysts and CEO's were incredulous as to how fast the floor disappeared from under their feet. Could this scenario now happen in reverse just as quickly?. As I posted on the MS site, the way I see it, there is quite a dilemma at present. Fund managers either have to jump on the bandwagon or risk the ire of their shareholders for missing the boat...shorts have to decide whether to cover or risk the market trending higher....and the general public, while having been burnt this last year risk missing out on a possible bull market. If the market continues to trend higher, could this not affect consumer confidence in a positive way as portfolios and personal wealth begin to turn around...and fuel spending...and once the major companies begin to change their forward looking outlooks to the positive side...the stocks then rise, etc., etc., .....this almost becomes a self fulfilling prophecy in reverse....I realize this is a very basic overview, but its just my opinion and food for thought. While TA and FA play a very important role in my daily trading decisions, a broad outlook as to what's going on also helps. Hope you don't mind my two cents...good luck.
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