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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (18563)9/3/2004 2:13:50 AM
From: $Mogul  Read Replies (2) of 19219
 
Totally disagree, on "STOCKS ARE A SCREAMING BUY NOW.
RIPE FOR THE PICKIN..." I am not even sure how to address this comment. based on what? Surely not technicals and not on quanative analysis if you ar looking at the real numbers maybe you are looking at what the sell side wants investors to beleive and ell you to look at bs forward earnings multiples. just wait until teh pro-forma goes away and options are expensed. This mkt is set up for real problems with or with out Mr. bush. It just prolongs the inevitable if he is re-elected, and that is a mkt. technician comment not a political one in any way.

The comment about Kerry losing steam, well heck, we just had the RNC of course he lost steam..lol.

Mkt wil re-test the lows and most likely break down from there.

-$MOGUL
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