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: J.T. who wrote (12573)	6/5/2002 12:19:55 PM
From: dvdw©	Read Replies (1) of 19219

Fleck continues to beat the drum that prices are too high. His piece this morning is one big generalization without consideration of the facts, he seems to think that the market is only CSCO, INTC etc.... when in fact I've added Small cap defense this morning at prices that are to say the least extreme values considering forward fundamentals. Many on these boards dont do fundamental analysis but follow charts and gurus of charts to the nth degree. It's these people who are in for a big surprise, as capital rotates to value, you dont here anyone telling the truth about this, building positions takes time, with the help of hedge funds this market is caught in a down draft that will eventually be corrected. Small Cap and Defense in general never participated in the bubble. These stocks are trading at well below every metric for fair value compared to the stocks the trade community lives on. The feds will spend big and there will be beneficiaries of that spending, the whole sale shorting is about finding supply cheap, so is it any wonder that those doing the Obfuscating have their PR machines cranking out the same ole story day in and day out. Capitulation, just like greed has two sides, Capitulation and sentiment are matched both evenly to bulls or bears. Money flowing to dynamic forward performing sectors, requires that Shorts cover, while money locked in over priced issues demands longs give them up. Rotation is essential to break the stalemate. It's building and will soon be clear to all. Some Lock ups are clearly manifesting themselves in trading. Obfuscation is the 4th dimension of stock investing and it is becoming clearer to all who notice, that capitulation is a two sided coin.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next