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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (14036)	12/17/2001 9:52:46 PM
From: TREND1	Respond to of 99280

But this time the Nasdaq is starting to push up the 13 week high line. This did not happen in the April-May 2001 time.

To: sylvester80 who wrote (14036)	12/17/2001 10:52:01 PM
From: bobby beara	Read Replies (1) \| Respond to of 99280

Message #14036 from sylvester80 at Dec 17, 2001 9:46 PM You don't need to be a super bear to know that stocks are overvalued by a long shot. No, you don't, but if you look at GOLD and the Nikkei, from their overbought levels in 1980 and 1989, they made flushout bottoms and started sideways ranges for 10-20 years. We made flushout bottoms at the the spx 900 level in 97 on the Hong Kong Crash, in 98 on the LTCM debacle and now in 2001 on the great american bust. I would say that if you are lucky enough to get another buying opportunity near those levels that you better toss your permanent bear ass views and buy like there is no tommorrow, bear markets have short shelf life, the long term trend is still up, this bear market is long in the tooth by normal standards. You think the secular bear is gonna take the dow down below book value in a direct line, think again, it took 15 years to do it from the 60's to the early 80's. betting on a 30's redux is a bad bet. b