MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: patron_anejo_por_favor who wrote (13136)	6/30/2002 2:29:52 PM
From: lifeisgood	Read Replies (1) of 19219

Message #13136 from patron_anejo_por_favor at Jun 28, 2002 3:25 PM <<US Dollar Index closed at 106.54, -.35 from Thursday ... not exactly bullish>> LOL! It's ALL bullish, Ken! Record current account deficits? BULLISH! Massive corporate fraud on a record scale? BULLISH! PE of 40 on the SPX (yeah, I know, it's TRAILING PE..)? BULLISH! Rising federal budget deficits? BULLISH! Falling consumer confidence? BULLISH! Crashing dollar, despite massive CB intervention? Why of course, you guessed it....B-B-B-B-BULLISH! Bullishly yours, in bovine delusional grandeur: Patron If I may add... Record investor complacency... BULLISH Foreigners leaving the sandbox to play elsewhere... BULLISH Gathering momentum to the downside of corporate IT spending... BULLISH Unemployment rising... BULLISH Savings falling to historical low levels... BULLISH Corporate and private debt at historic highs... BULLISH you are correct, this is the mother of all buying opportunities if I ever saw one... at least that's what Abbey et al. are saying and they should know what they're talking about... BULLISH best... LIG

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