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

To: J.T. who wrote (12775)	6/12/2002 11:10:21 PM
From: nsumir81	Respond to of 19219

I understand the contrarian argument. I just do not buy it YET for the long term. For a rally, sure..it might just work. This is the same contrarian argument that has been made at each 'bottom'. That somehow all was factored in and that it JUST COULD NOT get any worse. Well, we know that today's low factored something more than the May low which factored something more than the February low which factored.... On the fundamental side of things, I read a few weeks back, that possibly by the end of the year you might have companies like Corning, JDSU etc going Ch-11 (the former at least for its optical division). Just as an example of what else can happen.