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

To: J.T. who wrote (13429)	7/16/2002 2:12:56 AM
From: Steve Lee	Read Replies (1) \| Respond to of 19219

"Double Dip Theory is gona be TOAST" Have you got any expectations for what Intel and MSFT will be saying this week about forward guidance? You mentioned Tech has been rock solid since last Thursday. Did you notice the new multi year low on the Nasdaq yesterday?

To: J.T. who wrote (13429)	7/20/2002 5:33:06 PM
From: Alex MG	Read Replies (1) \| Respond to of 19219

"Double Dip Theory is gona be TOAST."... Why?? Where is the evidence of "no double dip"??... It's still a likely scenario... Even IF there's no double dip there certainly won't be a strong recovery, not enough to justify a melt-up of those proportions. "Did you know that the 3rd year of decades (2003)combined with pre-election years since 1943 have all been Bullish?"... So, because this decade ends in the digit of 3 it's melt-up city??? Hmmmm, haven't heard that one before but good try, very creative. <g> Yes, end of 2003 we could have a melt-up... BUT, from what new lows in the market will it melt-up??? Dow 5000? NAZ 800? SPX 500???... the top of THAT melt-up could be below where we are now. Yep, we're getting close to an oversold bounce here, maybe a very nice oversold bounce. But, I hope you don't think it will be "the new bull market"... Bottomline: This bear market won't end until it gets to historical trough valuations (strange you don't mention that dirty word), and of course like bull markets overshoot to the upside before they reverse, bear markets also overshoot on the downside before the final ugly bottom. If that were to happen, as it historically does, then we are nowhere near the final "throw in the towel" puke-ulation bottom. Of course, you may think "this time it's different"... Likely much more grinding and unwinding to come.