John Pitera's Market Laboratory 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 : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Pitera who wrote (6072)	5/9/2002 9:00:50 AM
From: Terry Whitman	Read Replies (3) of 33421

I believe the pieces have been assembled here for a nice spring rally. The market has tired of selling- a great deal of capitulation has occurred. The dollar has corrected, and interest rates have fallen. Combine these factors with increasing productivity, and you have the makings of future corporate earnings growth. All the market needs now to take off is increasing confidence. The transports held up real well in the recent big cap downturn, and the A/D line is still near new highs. Comparing, the transports are leading the industrials, which are leading the SPX: quote.yahoo.com My read is that phase 2 of the cyclical bull is probably starting here. At the start of phase 2, the A/D line may work temporarily lower, as large caps (OEX) should see some inflows from smaller caps. The new highs will probably peak out eventually here too. How is the IPO and secondary offering market going? It should be getting back to about normal levels here soon, if it follows past phase 2 patterns. The media should start to become more positive, as the public transforms from disbelief to belief.. Regards, TW

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next