Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Justa Werkenstiff who wrote (10958)	12/5/2001 10:59:03 PM
From: Warpfactor	Read Replies (2) of 99280

Justa: (BTW your User Name is a classic!!) stockcharts.com[h,a]daclyymy[d20010301,20011207][pb50!b200!b21][vc60][iLc20!Lk28!Lf] The above chart sure has the look and feel of a bull run. 200 DMA crossover occurred yesterday, technicals all screaming bullish. Compare to April/May timeframe, which represented a better looking bear market rally. I'd be wary of buying in right now, but I'm still holding much of the tech I picked up in Oct/Nov.. I don't see a fundamental case for tech personally, so I'm just riding the technicals until they reverse. Maybe fundamentals will catch up? Maybe this bull trend will end soon and retest?? Over the past ten years, I've seen at least a dozen charts that people come up with showing some current market compared to DJIA 1929-1933. It always looks good at the time presented, but check back a year later and the similarities break down.

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