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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (11221)	11/22/2001 5:49:22 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 74559

>>, what about a denial-of-capitulation sub-wave<< -ggg- Yes, that would be a way of putting it. A browsing of past bears and one would have to immediately think this bounce is no big deal and could even go much much higher, valuations be damned. The whole thirties period were littered with 50-60% rallies and I don't have time to look right now but I seem to recall one that was absolutely huge violating trend lines, fib retracements levels etc. Of course as we all know, they went lower and lower after each of those large rallies. I am actually not that bearish on the economy, brick and mortar companies and even some of the leader techs from a FA point of view. I just still have a problem with valuations especially in the tech sectors. Time will tell. In the mean time, I think I am ready for one more load of turkey before I take a nap......... Good Luck, Lee