MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (82395)	11/10/2001 5:43:40 PM
From: t2	Read Replies (2) of 99985

bobby, thanks. Going to take another crash course in understanding options indicators a little more in preparation for next week. I just sense that business conditions are getting better so a selloff in the market looks unlikely--and we should get more evidence of that as many technology companies make comments--IBM analyst meeting; AMAT, HWP, DELL earnings--and the annual Comdex show. After all, we are just near pre-September 11 levels. That was an external event that caused drops in the Nasdaq. I would note that prior to that date, the P/C had been high for several days and the market was looking like it would turn around from there. That is why I tend to look at the pre-September 11 levels and not just the fact that we rallied so much off of the September lows. On a fundmental basis, technology in particular should be doing better given much lower interest rates and spending stimulas on the way. That explains why the market refused to drop late last week when so many predicted it...and so many expected it. There is no point selling stocks with PE of even 25, given that the yields on short term rates is just so low---and money market funds just hit another record level this week! The post attack drop that put the markets at lower levels will probably prevent any correction on the market from these levels combined with the U-turn in fundamentals. Too many factors are setting up this market for a major move higher near term. At least I am confident about it. Looks better than even early April did. I think it continues higher this coming week into options expiration. I view the current period as a start of a new bull market OR least a very big rally. In addition, the reductions in travel spending is going to find its way into other areas such as buying computers and other electronic gadgets and various other types of items. That is my optimistic or bullish outlook on the markets. jmho.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next