Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: sandiegobear who wrote (10078)	2/3/2002 5:44:49 PM
From: yard_man	Read Replies (1) \| Respond to of 19219

I don;t like 5) either -- rising commodity prices are not good for the market -- no way, no how. At any rate, looking for good fundamental reasons to own the S&P is nutz unless your time span is less than a few weeks -- still valued very highly discounting a very rapid return to profitiability. Not sure I understand why JT mixes this FA stuff with his TA in the first place -- I thought the premise of the overall thread was that Rydex with a few other things is all you need to guage market sentiment ... There are some other negatives apparent just based on TA -- VXN still near all-time lows. Some major supports recently broken on that last slide. Doesn't mean the market can't rally big from here, but these are not positive. On the FA side -- Comstock Partners have made a good observation -- it's been over a year since AG began cutting rates and the market is lower than when he started -- while one expects lags for economic activity, I think typically such lags are shorter for the recovery of equity markets -- truly a small uptick in GDP proves nothing given what GDP measures. Increased government spending and very extreme front-loading of auto sales probably explains MORE than the uptick, i.e. otherwise we would have seen a contraction. Bankpruptices are still rising, and if it weren't for pro forma profits, would there be any at all? Telcom stuff is starting to liquidate nicely, but we aren't anywhere near done. Nice to get some inventories worked off, but when new stuff is churned out what kind of price is it going to fetch??