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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: Berney who wrote (10130)8/6/2001 6:38:14 AM
From: William H Huebl  Respond to of 11051
 
Thanks Berney... I really appreciate your attention!

Several good points you make and ones which reasonable people, I am sure, allow for... especially the P/E stuff which is still lopsided (I think that is a TA term?) and is holding many back.

You echo many I hear and see in the polls. Unless you hold a totally drakonian view of the marketplace, one that is not working under free-market concepts in general, then my guess is the surprise is on the upside!

Now what I am about to say is not critical in any way at all, it is just a comment on viewpoints: when you are reviewing those 77 companies, you are amongst the trees. When I am looking at SPY and the indices, I am looking at the forest. The intermediate TA tells me we are going up... and short term down. But at this point, the intermediate could easily overwhelm the short term and, as GZ says, "TO DA MOON!"

If you step back from the markets, you will find reason after reason after reason why they won't go any higher. In the past month, I have heard "...the market will crash next Tuesday" TWICE!!! The first time, about two weeks ago, never happened. The one THIS Tuesday is supposed to be, I guess, the Asian contaigion revisited??? Even the few bulls that are out there use excuses for their viewpoints.

One of the most difficult tasks facing any investor, IMHO, who REALLY wants to be in charge of his own destiny is finding indicators that really work and then using them.

I got out 2 years ago... and now am back in July 18th. Enough said.