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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (6828)	2/27/2001 10:09:34 PM
From: Kapusta Kid	Read Replies (1) \| Respond to of 19219

Yeah, Shack, I agree; I browse his site periodically. For me, "the market" is not just techs. I forget that that is not the conventional wisdom on SI. But since Labor Day, the Nasdaq Composite and the SP500 don't look all that different.

To: Shack who wrote (6828)	2/27/2001 10:24:33 PM
From: bobby beara	Respond to of 19219

schaeffer can be wrong as the rest of em, i have no doubt he'll be bearish at the bottom. while i don't follow any of his publications, i have followed his on air calls, he was bullish on airlines in july 98, he was bullish on aol and internet brokers in april 99 and going into the march nas top he claimed that people were buying too many qqq puts and the market would go higher. the thing that is really funny about people who follow sentiment indicators, is that they can be on the wrong side of the wsw elves stand at the major turns, just like the rest - and maybe you should be - using trend following indicators, like MA, although they can be quicker at jumping to the other stand, larry mcmillan was super bullish at the end of jan i do think schaeffer is right about the fundamentals, the market is being to polyanna, because of a decade of easy money and the dips always come back, gaps down on lowered guidance and downward surprises, are just a bearish, as the reverse on the upside into the top was bullish.