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Technology Stocks : Compaq

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To: Christopher who wrote (48665)2/17/1999 8:59:00 PM
From: Roads End  Read Replies (2) of 97611
 
Christopher..…All I see is contradiction in every market. Most of the large indices are back where they were in August. The talking heads seem to measure everything from October 8, the low, and justify sell offs as profit takers as if every share outstanding was bought in October. Bullish sentiment we are told is at an all time high and is a contrary indicator, yet every analyst seems to be reducing stock allocations. Inflation doesn't exist and the heads are scaring all with increasing interest rates. Did Clintonomics change housing indicators to a lagging indicator? How about foreign markets? The foreign scare story has been played in every corner of the world now so where do we go now to scare people?

The truth as I see it is all these heads talking and waging market psychological warfare are sitting with a lot of cash they better be putting to work.. Everyone of them say they want to see lower prices and it will be healthy for the market but long term by golly they are bulls. What a con job. They want lower prices to save their own butt. They want sellers in the market. If you want to look at a technical indicator the low volumes attest to the fact the story isn't playing.

Out of here, had to vent
Steve
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