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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Robert W. Popejoy who wrote (11666)10/15/2002 4:43:50 PM
From: tsigprofit  Read Replies (3) of 13094
 
You may well be right, but the bull case:

(1) We have had a much longer than average, broad decline,
especially in the Nasdaq.

(2) We've had a really bad few months, ending just a few
days ago - so are way oversold.

(3) The VIX has been in the range for past lows

(4) We are in October.

It just seems to me that we are setting up for a rise
over the next few years. No one knows the exact timing, of
course, but I'd be careful going short here.

Did you see this today?:
Is Buffett buying?

Rumors abounded Tuesday that the Oracle of Omaha was getting out of bonds, and getting into stocks.
October 15, 2002: 4:11 PM EDT

Matt
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