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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (20973)1/12/2003 7:07:46 PM
From: PuddleGlum  Read Replies (2) of 57110
 
No you don't, but your time has not yet come.

Your info and charts and opinion that you've shared on this thread have helped me considerably.

Here's my .02 cents:

Bullish case:
1. Market rises in spite of bad news. This doesn't happen in bear markets.
2. Naz penetrated 1425 and now has 1500+ in its sights.
3. For each of the last 3 years the market has plummeted beginning in late January. It won't happen again.
4. There are lots of stocks selling for much less than book.

Bearish case:
1. My system sell signal on Nov. 22 is still in effect, and nearly gave another sell on 1/6.
2. Business is still weak, and Mauldin’s idea of Muddle Through seems very reasonable.
3. What can possibly ignite a sustained rally?
4. The previous short-term top of 1520 in the Naz looks very strong.
5. I feel like I’m missing out on a rally. This usually happens near a market top.

That's five points to four points. Bears win.
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