The New Economy and its Winners 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 : The New Economy and its Winners

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Harmond who wrote (12194)	6/23/2002 7:00:55 PM
From: techanalyst1	Read Replies (2) of 57684

Yes it was and that is one reason I sold all my puts. If you believe in cycles, 9 months cycle low should be now. There are differences between now and Sept. 21st.... Sentiment and technical indicators were even more extreme. We haven't seen throwing them all out like in Sept.... tick, volume, a/d, rsi etc aren't as extreme by a long shot. We had one major event that tanked the market but it was thought that it went below where it should have. No other attacks occurred here and it was hoped that maybe, just maybe we put to rest the big terrorist attacks on our own soil. We now have escalating tensions in the mideast with no capture of Bin Ladin, in fact there is growing fear that another strike will be coming again and here on our own turf again. Perhaps Sept 11th only accelerated the trend we were already in and what we saw was a hopeful rally that the economy would rebound enough to propel earnings but what we've seen instead is tech estimates cut even further and the rebound pushed further out yet again. If THE bottom was in for earnings and stocks anticipate that 6-9 months in advance and the low was 9 months ago, then the market flubbed up.... because estimates are still being cut. Now it could bottom here and anticipate another 6-9 months out, but it could be we just travel lower to adjust valuations down. Either way... won't surprise me one bit. I do think this: The majority of shorts will not notice that the bottom has arrived and continue to add to shorts when the last leg down is already in. When I don't know. TA

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next