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

To: Killswitch who wrote (10580)2/18/2002 9:21:37 PM
From: nsumir81  Respond to of 19219
 
I don't know how much worse sentiment can get..Same was said back in October 2000 (Dow 9400), 3rd week of Dec 2000, end of Feb 2001, early April 2001, August 2001, Sept 2001.
Just because a stock is low does not mean it is an automatic buy. It may be low for good reason.

Similarly just because comm equipment stocks are lower than 9/11 lows it does not mean that they will rebound strongly AND more importantly in a sustainable manner.

If they are indeed lower than the 9/11 lows (some are) then that speaks volumes of the state of biz and that the state of biz will be the overriding factor in determining bottoms not extraneous events causing a 1 week flush out.

repeat from an incorrect msg board posting



To: Killswitch who wrote (10580)2/18/2002 9:22:11 PM
From: nsumir81  Read Replies (2) | Respond to of 19219
 
Wondering how was it when (if ever) 10/10 market timers were all bullish?



To: Killswitch who wrote (10580)2/18/2002 11:52:44 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
LOL. Who was the last bull over there to fold his/her tent and go home to the bears?

Best regards, J.T.


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