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

To: Chip McVickar who wrote (815)	6/22/2002 9:09:45 AM
From: bearshark	Read Replies (1) \| Respond to of 1750

Chip: I went to the beginning of 1987 to compare the current negative volume to past negative volume. This is about as ugly as it has been since then. I was hoping for the INDU to hold at 9,200 with a selling climax. However, the expirations on Friday distorted trading. I think that June 24, 2002 will be a key day combined with June 14, 2002, and June 3, 2002. A couple of days ago, I posted the results of trucking firms from the TRAN. Here is their action from yesterday. USFC 38.75 +0.90 +2.38% CNF 36.16 +0.25 +0.70% JBHT 31.05 +0.19 +0.62% ROAD 36.85 +1.20 +3.37% YELL 31.08 +0.51 +1.67% This simply reflects the economy, earnings, and stock action. Soon it should be reflected in some of the INDU stocks too. I continue to believe that this will result in a boring recovery in the INDU. The S&P 500 and the Nasdaq averages have so much junk in them that they should lag the INDU considerably as they are doing now. I do agree with the views of Mr. Templeton. However, I think we will see something similar to 1972 in the INDU and then a collapse that takes care of the excesses in PEs.