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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (27937)9/19/2001 12:14:42 AM
From: John Madarasz  Read Replies (1) | Respond to of 30051
 
most individual investors have yet to sell

you said a mouthfull, and I'll bet the reason why is cause the Krispy Kreme box is empty<g>

Here's why...Many Long term "Value" investors are still sitting on gains, or light losses. Utilities and Drugs are TOAST long term, that Mom and Pop bubble has yet to pop...

a couple good examples...

Dodge and Cox Stock Fund Weekly

*notice the break of the 1995 trendline, and the wedge that's about to give, i think when the utilities go( and this fund is overweighted in them)...which they will, this is done for

stockcharts.com

$VLE Unfinished Monthly

This is sadly self explanatory long term

stockcharts.com

Best,

JM