MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Terry Whitman who wrote (16189)	2/8/2003 10:53:45 AM
From: Casaubon	Read Replies (1) of 19219

Terry, I have been casually polling some people who refused to listen to my warnings near the top. These were automaton bulls wrt to 401K contributions; many were in the agressive funds. I asked on several occasions if there was some level which would cause them to capitulate. The standard refrain was, "You can't time the market...I'm in it for the long haul." None of them seem to be in the stock market at this time. This was a little surprising to me! The silent capitulation?! Another interesting piece of data came in the mail today from the Kraematon group. These guys are affilitiated with our 401K plan and send us some interesting info occasionally Most of the time it's inane drivel. Yesterday they sent a comparison of long term bond yields compared with SNP returns for the past 10 years. The two lines have just intersected! In other words, we have returned to trend. Now the question is: can we emerge from recession spurred on by lower interest rates? The cost of oil and high tax rates are the hold ups! I am accumulating long term longs and also managing some positions via CC's strategies I learned from Herman Matos. I am avoiding the over owned stuff of yesterday.

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