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

To: da_cheif™ who wrote (14087)	8/7/2002 12:33:01 AM
From: bobby beara	Read Replies (1) \| Respond to of 19219

chiefy, there is no doubt this is a significant decline, if you look at any other declines in the last 40 years, consumers were bearish and building up cash at the bottom, as were mutual funds at all those bottoms, they are now, is this the right degree after 20 years of consistent inflows and faith that the market will go higher. the uptrend from 1982 has been taken out, the bull market is over, these illusions of dow 36,000 should be given up, there will be no tulips to dow 100,000, there is no free lunch. i would subscribe that the break of the 98 lows in july was a seminal event and now investors will reprice equities for the new economy. which will be a spotty, up and down economy, no catalyst to drive it's uptrend, like the technology boom of the 90's.