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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Logain Ablar who wrote (1062)4/14/2000 9:47:00 PM
From: Chip McVickar  Respond to of 33421
 
Tim,

We'll see...., these markets have surprised many traders with their resiliency over the last 5 years. In many ways the markets were in a bigger mess after October 1998. But then, the recovery was sanctioned by Greenspan and interest rate cuts. Today the psychological perception is different, he is the foremost advocate of lower stock prices and higher interest rates..., and this changes the "field of dreams."

It's possible my instincts are jaundiced and wrong....!
Maybe sustained quality buyers will return looking for those once in a life time prices never to be seen again.

But the field is 50/50 over the next few weeks and maybe months.

I'll say this.., If the buyers who brought the markets to their highs in Jan and March are still out there and are set on maintaining their aggressive belief in the free market wealth and retirement goals they set their charts and compasses on..., they'll be back.... And just as aggressive.

That's the 50/50...!

Chip