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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (33163)3/5/2002 10:51:30 AM
From: JRI  Read Replies (1) of 209892
 
Berney on TV, stickin' w/bear market rally, "market priced for perfection, technicals are weak and weakening...have to get above 1300 SnP (long-term MA) to turn into bullish scenario in his opinion..."

Quoting Berstein "Highest P/E of all-time with lowest earning visibility in a long time"....Options cheap he says, historically-speaking...saying longs, if they don't want to give it up, should hedge buying puts (not selling calls, since premiums weak not)
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