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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (38163)7/19/2002 5:35:47 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 52237
 
Yes but look at the articles inside, they are all bullish...

The Angry Market
The blunt message: Investors are repricing stocks to reflect a more honest picture of earnings, options, and the future. Ultimately, that's good.

The Good News in All That Bad News
The painful cleansing taking place could usher in a stronger, healthier market

Commentary: The Case for Optimism

We need Time and Newsweek to have people jumping off of ledges or snarling bears with nothing inside but articles about how the bull is dead, how everyone should build a bomb shelter and get ready to barter using only seashells and shiny beads.

The dip buyers were still trying all day today and they think the NDX is stronger and more safe. I agree with Donald that we need a good cleansing no bounce few days where all three indexes go down hard in tandem until they just drop with no one trying to find the bottom. THAT is when we find the real bottom for a bounce that lasts for more than 2 days.

I think we might be getting closer since the drop curve is getting steeper and the old "safe" stocks like Food and Resteraunts etc are getting hit too now. Of course if the dip buyers keep trying, we may have to give back all the gains of the 90s before we ever find even a mid term low much less a longer term one.

Good Luck,

Lee