VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (55861)	10/27/2002 12:26:00 PM
From: BirdDog	Read Replies (1) of 65232

...not going to hold them much longer, though... There have been people on other boards doing comparisons on run ups that were very much like this one. If this one follows it's "sisters", it should pull back at least 35% this week. Target date is Monday for it to begin. Should be a two day pull back. Then up another 20 to 25% above where we are now. That should be the intermediate top in the market. Should take us till about Dec. or first of the year for that top. Would you not agree that if it were going way up, it should have pulled back already? That would be a healthy rally. Wouldn't you agree that if it just continues up right now. That we will get a stronger sooner sell off? Perhaps a complete crash soon? I'm wondering about your views on people thinking doom and gloom. I think things look bad for the market. But that is because the forward guidance companies are giving. Also how they're doing now. Economic info showing we're at best floundering. And that economic info has been manipulated to the up side, and restated months later too often for me to believe in it. I'm just trying to take a realistic clear view of things. Now we have companies saying next year will be great, but they won't project that in their quarterly or annual reports because that would be illegal. The info lately just sounds like too much of a sham to me. I know the markets are forward looking. The market is the first one to do better when we come out of a recession. But this just looks too created to me...it's a sham. Do you truly think that I err? BirdDog@SouthernHills.com

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