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Strategies & Market Trends : Raptor's Den II

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To: da_cheif™ who wrote (339)	4/20/2003 7:00:55 PM
From: BirdDog	Read Replies (2) of 3432

Sorry home-boy Chief, you done lost me. I can see where much of what you say is valid. But is it valid enough? With all this talk of specific indicators, etc. Why don't we take a step back, and take an objective view of the big picture? Just before the war was a good setup to launch a prop up campaign. Bush got on TV with the Prime Minister of Japan and announced they would support the markets through any war decline. The government was afraid the market would flop during the war. They had good reason to. Right before the war was a great setup to prop the market and avoid having to dump much more money later into it. It was a good place to create a lie, that hopefully investors would fall for. Just like the powerful on wall street have repeatedly done. This is just so they could sell the stocks they bought to create the run up at higher prices...thus simply robbing the ignorant. Recently we've seen a few days of heavy distribution. Looks like some of them were hurting and needed some profits. We're getting people screaming hot and heavy about this being a new bull. Now this could be, but they have to get the investors to fall for it. Only problem is the average investor isn't falling for it. This market simply looks like someone trying to hold up an elephant. We haven't made a higher high in over four months. Just in the last month have we been able to create a higher low than Dec. Meanwhile we have Warren Buffet saying nothing looks even mildly interesting. We've got a bad credit bubble that should pop. Same with the real estate bubble. Not to mention the lurking disaster of derivatives. We've got companies playing creative accounting to meet dismal earnings estimates...and they're being called "Robust" earnings? While those same companies are calling for lowered forward guidance. And I'm supposed to believe you and jump on the bull bandwagon? BirdDog

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