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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (3394)	6/15/2002 12:28:44 AM
From: Nancy	Read Replies (2) \| Respond to of 17639

not sure the comparison between april 2001 and now is valid. as the backdrop quite different. apr 2001 we were duped to believe the 2nd half story. ;-) also fed was cutting rates intraday at least once, if not twice. jnpr, intc were reporting nice numbers ... now fed no longer can cut, but they can still pump via re-po. though they have been quite tight fist since may. may be they finally realize it is not going to work, or may be the tax receipts have dropped so much that they have to think twice before they squander it. <g> however, market can still be supported thru some other way. such as why msft is so strong in past 2 weeks, just when market is on the brink ? it certainly is not due to msft's biz outlook i dont think ? we can count the movement from Jan and see the % of each down leg and the % of each up leg. started from jan high to feb low, and the up leg would be the march high, we can calc the % of retracement up. then from march high to may low, and the % of retracement up. and may high to june low (projected) and the % of retracement up. timeline wise, it is due for a rally and we can try to project it. but make no mistake, i dont think this is a new bull market.