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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (5213)	6/17/2001 7:57:45 PM
From: The Freep	Read Replies (1) of 209892

Good points all, Shack. You're certainly right that if fundamentals mattered (in terms of, say, going to historical PE ratios), we could be lower right now. As for the rally in April, no I don't know what caused it. But unlike current conditions, we were in a much longer downtrend at the time. Much more brutal than right now. The VIX was high. Etc. Etc. I really don't know what's gonna happen. For all I know, Oracle will dazzle on Monday after the close, and we'll get your C right now. Or they'll say that Europe is soft, and we'll go down and THEN start you C when Fed anticipation starts. Or something else entirely. We've also got a Book to Bill coming up on the 21st. The question: was May better than February? If not, the book to bill will fall below .42, and that'll be uglier still (or maybe viewed as the bottom). I just dunno. the freep

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