MARKET INDEX TECHNICAL ANALYSIS - MITA 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 : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: High-Tech East who wrote (9889)	1/26/2002 10:18:38 AM
From: J.T.	Read Replies (1) of 19219

You are not wrong. Pro-forma earnings are market bubble earnings. I believe MSFT this past reporting period made the transition to the more conservative GAAP earnings and you will see this gradual transition moving into 2003 as earnings improve. Most will dare not do it yet in the next quarter maybe two until earnings and earnings visiblity improve drastically. First Call says markets move higher when earnings are growing flat with expectations of improving over the next 12 - 18 months out. As the earnings grow by 20% + as they did in April 2000 reporting period... it is as if you have climbed the top of the mouintain and you have nowhere to go back down. Even McMillan is looking for a lower low (SPX 900 area)in the market vs. September 21. He thinks he is in the minority view but many Bears on SI and CB eschew that view. I think rydex sentiment says we have a snowballs chance in hell of SPX 900 right now with current TA levels. I believe higher lows SPX 1,060 -1,080 area as mentioned in previous post that we will hit in March and potentially April. But only after we cross SPX 1,200 level first. Best Regards, J.T.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next