Bill: Well, I had read it. I guess I just wanted to know if you had moved to a firmer position. As "potentially” a bull was where I was!
Thanks for the input!
However, after my request to you, I went back and took a thorough look at my indicators. I have not been paying enough attention to my old standby indicators, as I have been working with my new one. I am amazed at what they may be indicating...yikes!
My rational mind is struggling with "how the hell can we go up from here"? How the hell can PEs go up from here with AOL at 356, EK at 111, GE at 33, DELL at 71, CSCO at 70, MSFT at 66 etc. How much higher can we go?
Heck, I guess the Market is going to re-inflate the bubble, except with even more helium...yikes!
Yes, my indicators are beginning to look like they will be giving bullish signals! One major indice per my indicators has received a bullish signal on 10/20 (and I did not even notice it), but I need additional indices to receive the same signal for confirmation.
I will do further analysis this weekend. I still expect a pullback, but longer-term signals are beginning to indicate a bullish scenario! The Market is going to have to make a major drop to turn them! A pull back will not be enough! I just can not believe it!
BWDIK
Regards,
LG |
