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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (11425)	5/8/2002 5:45:34 PM
From: 16yearcycle	Respond to of 57684

No I just made a quick table, so that is all I have. I only have a few things to add. The three times the market did the very best after a top ten move, it was in April and May. Aside from that, the logic behind the thought that tech will be struggling until e estimates have all come down low enough that they can only be raised is too great for me to think anything else. We all know that by fall, estimates will all be low enough, comparisons will be good, and a sustained rally then won't be questioned by anyone due to typical seasonality. Finally, if we don't go too low first, we are bound to get over the 200 day ema before years end, finally, and then break thru years highs. The short funds will be capitulating in the face of this. It looks like the deck is going to be stacked in our favor by years end but we have to get from here to there. Today helps a lot. If we can rally enough, the fall low, may be a higher low. That is a very positive scenario.