Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: MythMan who wrote (3775)	5/20/2001 12:49:19 PM
From: westpacific	Read Replies (1) of 74559

Massive overbought conditions in the market right now, every chart confirms it. If we get a bull run next week this is confirmation that Greenspan has succeeded in reinflating the bubble. The DOW IS NOW IN A BUBBLE, MASSIVE. PEs are to the moon. If this trend continues the upcoming slide on the backside of these rate cuts will be much worst than the slide of 2000. Get ready for the fun, the games begin within a window of 5 to 6 weeks. Look for a pullback next week, or should I say pray - for the health of this market. Then expect a possible rally into June what with more Fed insanity on tap for end of June and massive liquidity floating this market up. July on is when the fireworks could begin, or if we break outside of 2268 to 2300 - the bubble will inflate all over again. The Fed is running out of ammo, many techs have not recovered, the NYSE has now become the bubble (like the NAS in 2000) - insanity in so many charts. Inflation is heating up, insanity still reins on the consumer spending front, the real estate bubble continues to inflate. Wait till the FED has to turn and go the other way - they are praying they can stop the recession before that happens. Everyone is praying on better 3Q and 4Q revenues - what happens when this does not transpire. One day event still looms if one is willing to be heavy long, never forget 1987 and that 22% DOW drop. Tread carefully if you chose to trade. West

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