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

To: CYBERKEN who wrote (14511)	9/3/2002 9:12:45 PM
From: bobby beara	Respond to of 19219

The overwhelming probability now is that the recession will roll once more, from the sectors that it has already sufficiently infected-and which are now coming coming back, either by bottoming or surging upward-to the slightly overbought sectors like housing autos<<< the revolving recession your talking about (at least in stock market terms) started in 1997-8, when the advance-decline line started diverging from the averages, they bought the techs and the big caps into the 2000 top and sold the value stocks, then they sold the big caps and techs and bought the small caps and value's from the 2000 pivot. the one big problem that we've had in making a bottom here in this bear market is what i believe john hussman calls trend uniformity. In 1998, the bear market was short but sweet, there was trend uniformity, they were selling everything, and selling it hard, based on systemic financial threats. We have had some of that in july, but it looks like it wasn't enough.