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

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To: Zeev Hed who wrote (14361)12/20/2001 10:48:57 PM
From: John Madarasz  Read Replies (1) of 99280
 
Valuation is only one side of the equation,other important paramaters include market psychology, liquidity and momentum.

Two of which are currently waning to the upside. The FED can't print like this forever however, and when they finally are forced to pull back on the reins, which they invariably will, the final leg of support will be gone.

At that time the equation should be weighed equally towards the opposite direction, as all those very same parameters fall to the other side of the pendulum and begin it's swing in the opposite direction...with the same amount of force.
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