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

To: J.T. who wrote (11116)	3/8/2002 8:02:58 AM
From: nsumir81	Read Replies (1) \| Respond to of 19219

No one is talking of the end of the world-Why dwell on extremes? Agreed on the magnitudes of those rebounds. By the same token, the S&P nearly 350 ? pts off its highs, and the NAZ 3000 + pts off its highs, the SOX 700 pts off its highs (slightly more than 50 %), the NWX 1100 pts off its highs (more like down 80 % or more) ? It is the CHURN up and down that I am talking of. (Since establishing so-called bottoms in December 2000, April 2001 and September 2001. Why even April 2000, May 2000, October 2000 and even late June 2001 were seen as 'bottoms' by many optimists.) That churn exists in a bear market and keeps taking people put gradually as it keeps going into downslides and false bear rallies that get everyone excited about a new bull market. The churn in the relatively 'stable' indices that masks both strength in some areas and weakness in some areas. I am not an eternal pessimist. I am not the DOW 1000 type of person. Sentiments are warranted as and how the times tell and dictate. I have stated my reasons before on insider selling, so-called cash on the sidelines and how much it really means than nice round nos dished out on TV and elsewhere, and its relationship PERCENTAGE-wise to stock market capitalization compared to previous bottoms, etc. In the '90s, one could have thought one side and won for months on end. Thinking on BOTH sides is truly thinking outside the box in these times.