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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Timetobuy who wrote (83119)	4/27/2002 9:03:16 AM
From: Tom Pulley	Read Replies (1) \| Respond to of 99985

Timetobuy, Your screen name prompted me to post since I think your screenname is now correct.......it is "timetobuy" for non-daytraders. All of the major indices seem to be within a few percent of good support levels. My model which trades every month or two now is showing a very strong buy signal with a full 14 of 16 of the indicators I follow giving buy signals (88%)and the other two are not far now and likely to give buys within a week or two. The economy is clearly picking up. 1st quarter GDP was strong and I understand that if you back out the "inventory effect" everyone is talking about it was still up about 2.5%. Interest rates are very low while leading inflation indicators are not showing any pickup in inflation despite the fact that oil and natural gas prices have run up lately. Those are likely peaking out for the time being as I believe they are being held up by the middle east and the prospect of going after Saddam. Recently on a business talk show I listen to on the way home from work, the commentator said that people should lighten up on stocks due to seasonal effects........I wonder if he told his listeners to backup the truck in the fall of 2000 due to seasonal effects?? For non-traders, this is a pretty good time to buy. The market never goes straight up or down and each new bull provides opportunities to enter. This looks like a pretty good one to me at very reasonable prices.....fed model is now "undervalued" I hear (although just slightly). So..... interest rates are low, fed valuation is OK, economy is steadily bouncing back, future inflation gauges are benign, indexes are at or near support levels.......what else is there to wait for to buy?? Tom