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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (17828)	1/1/2002 8:56:53 AM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 19633

thanks for the info. always good to see what others are thinking. this i a quote from one of the links you posted: The current angle of line "B" may still need to be adjusted upward IF the Dow makes new highs, but I think we're getting close to a crest in the 9-Month Cycle. The failure of the market to retest the September lows blew out my previous up side target, but the cycle forecast still has viability. Assuming we are still in a bear market, and I think we are, we should see a major cycle crest in the next month or two, IF it isn't in already. IF the market does move higher (I see 10500 as a possibility), we'll wait for the up trend to break down before we reset the angle of the longer-term declining trend and our downside targets. lots of ifs there and he does mention a move to 500 points higher on the DOW key going forward is 3 fold confidance in the market external events overseas earnings or lack of earnings. earnings will be the focus very soon. year over year comparisons. will be easier to "beat the Street" since estimates have come way, way down. those companies that miss or warn will not be treated kindly. those they beat and give positive guidance will response with higher prices. it will be a VERY selective stock pickers market vs any index moving up or down. just like last year plenty of opps to play both longs and shorts.