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

To: Killswitch who wrote (10808)	2/27/2002 9:39:13 AM
From: Killswitch	Read Replies (2) \| Respond to of 19219

Another RMYPro tidbit: "Brian Gilmartin Doug's note on bullishness 2/27/02 08:38 AM EST One of the premises for our bullishness on the market is First Call earnings data, which is something we examine studiously each week - particularly Chuck Hill's weekly commentary. We touched on some of the important reasons yesterday for bullishness within the tech sector, but if you look at quarterly estimates for the S&P 500 in total for the four quarters of 2002 you will see the following: q1 '02 = $11.44; q2'02 = $12.56; q3'02 = $13.37; q4'02 = $14.25. The important item to note is that downward revisions of these numbers has stopped for now, and that we see SEQUENTIAL growth in S&P 500 earnings for the first time since q2, 2000. Something has to give here - either forward earnings get revised lower (highly unlikely) OR the market begins to recognize the higher sequential growth and begins to rise. Let's see what happens... "