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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (13836)	8/4/2001 12:18:57 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 52237

Not sure I understand. Yes, the DOW is more bullish than the NADAQ but the S&P has the commercials still betting down. Broad market in the literal sense I would agree with you but not necessarily the most common indexes that are "supposed" to represent the broad market. The advance declin, McCellen Oscillator, Summation etc all went to heck in a hand basket starting in the spring of 98 and have since bounced and started a recovery thus most stocks in teh over all market seem to have found their lows. However, they changed the S&P around so much that it is now weighted with some of the big fluff that masked those earlier declines and thus isn't as deflated as the true broad market IMO. As many have pointed out, there are tons of stocks with growth and single digit PEs and many others with PEG ratios of around one implying fair value. Of course the risk with most of them is low volume making trading in them difficult. The ones we all seem to prefer to watch and play since they are easier to get in and out of are much higher valued and I am not sure any of them have PEGs anywhere close to one unless we use ABJ or Joeys outlooks for projected gorwth. -ggg- Imagine if the next few years turn out to be a stock pickers market and the right choices are all things we never heard of? For example, who would have thought a bread company would be a major winner so far this year. Have you seen what PNRA has done so far? Good Luck, Lee