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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (16558)	4/8/2003 4:58:58 PM
From: techanalyst1	Read Replies (1) of 57684

Well........ there is always some reason why THE lows cannot possibly be in: Valuations are nowhere near where they were at previous bottoms. Dividends are not high enough. Sentiment never got bearish enough. We haven't gone down 89% (amount we were down from the 1929 top) yet. Too many stocks look too good and at major bottoms NOTHING looks good. The economic numbers are terrible and stocks aren't responding... therefore traders don't get that they should be going lower........... "very bad sign" These rallies are based on nothing. You can't trust earnings. Business is sucky and obviously will not get better because it hasn't so far. Unemployment is not getting better. People have not totally dumped their 401K's and instead are still investing....... such shame! Until the last guy dumps it, the bottom can't be here. Yada, yada, yada.... I don't know if THE lows are in and the bears do have some points. But employment will continue to get worse and so will the economy even when stocks are going up. So... what is wrong with a trading range market. That's what we got. No bull, no bear. Some stocks going up to new highs, some to new lows and some sideways. That sounds like a base building market to me. TA

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