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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Charles Tutt who wrote (46879)5/16/2001 3:37:04 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 70976
 
OT re: At what point does it get reclassified to a bull market?

The bull market resumes when:
1. consumer sentiment bottoms and is up for 2 or 3 consecutive months
2. consumer spending isn't supported by increasing debt.
3. business spending isn't supported by increasing debt.
4. inflation stops going up (doesn't get above 4%), without the Fed raising rates.
5. Taking out the January 2001 top in the Nas would make me reconsider. In a bear market, the pattern should be lower highs.

So, I am bullish for the short and longterm, and bearish for the medium-term. That's so complicated, it's probably wrong.

FWIW, I just placed limit sell orders at 56, for all the NVLS I bought at 48.5 in my IRAs recently.