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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (29147)10/28/2002 5:54:23 PM
From: Ken W  Read Replies (2) of 29382
 
Sergio

confused as to the market rally.

"Bonds hit an all time high (the guy from Pimco could not get anymore out the door with his DOW 5000 BS) and GOLD is weakening while the dollar is getting stronger. Safe haven money is taking profit and moving back into equity, if for no other reason than the market is at a 28 year oversold condition (1974)."

This is a post from about 2 weeks ago. Short term money started heading back to bonds and gold today, after a 3 week rally. While I don't think the bear is dead, he certainly lost some growl over the that 3 weeks, showing that this is a rotational/trading market.

I'm out of DFIB, again. Missed SURE, but will hit the higher gap this time (should have listened to you <GGG>) ITRI was gone at 21. MDCO will have to check out 12 again to comfirm the breakout.

Ken
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