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Strategies & Market Trends : The New Bull Market. -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (724)	6/17/2002 2:36:02 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 1750

>>Templeton Warns of Market Isanity And Possible Nine Year Bear Market<< >>says that the downfall in the stock market over the past year is bigger than the crash of 1929, and he doesn't expect a recovery anytime soon. << It seemed Templeton was making an inference that the decline was just beginning and would move over to the other Indexes. I believe he's just plain wrong ... No Crash...! I believe we'll be seeing a gradual increase in optomism and in equity prices gaining strength into 2003, but not without strong moves in both directions. "The Line in the Sand" for stock prices in a normal stock market activity is the Sept 11th close of 9605.51 and we just saw the test at 9500 and the recent spike low of 9260.99. Bush administartion will defend Sept 11th Index values. But this market view does not take into account another terroist event or international war. My stop is at 1025.00 for a 50% reduction in the position. Will not be going short for a while.