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


To: High-Tech East who wrote (14719)10/6/2002 4:32:18 PM
From: Zeev Hed  Respond to of 19219
 
I am not sure if it is main stream or not, it cites correct statistical figures which are neither. He really does not address the 73/74 parallel (which was followed by two additional major bear markets, and the intermediating bull phase never took out the 1966 high in the Dow) except for the potential of some "relief" here. I surely do not think it is the end of the secular bear, but a nice cyclical bull phase lasting some 12 to 18 months, IMTO, is not completely out of the question.

Zeev



To: High-Tech East who wrote (14719)10/7/2002 4:25:19 PM
From: lurqer  Respond to of 19219
 
. October: The Month Where Bears Markets Go to Die
.
'Spect we're in a secular bear market that won't end this decade. However that’s different than the decline off the peak. One could argue that the secular bear off the '29 high didn't end until '48, but the decline off the peak ended in '32. Between '32 and '48, there were mini cyclical bull and bear choppy market phases. Properly "playing" these cycles could be quite profitable. LTB&H doesn't work. At best some kind of ITB can work, but that requires a different mind set.

So a more interesting discussion is when will the decline off the highs of '00 end? Many will mark the end at the low price point from which prices remain above for at least 18 months. Others will mark the end of the decline at the first real test of those lows. Simply a matter of definition. I currently believe a low, lower than this falls low, is coming 1H of a next year and then a higher low in the fall of next year. Thus my response to

October: The Month Where Bears Markets Go to Die

is not this year. Maybe next.

In the meantime, some good trades should present themselves.<g>

JMO

lurqer



To: High-Tech East who wrote (14719)10/7/2002 11:34:05 PM
From: bobby beara  Read Replies (2) | Respond to of 19219
 
October: The Month Where Bears Markets Go to Die<<<

well i'm counting about 270 posts on CFZ today, jt has left the house, mdd is pretty vacant, as is stock attack, nobody can pinpoint a major turn on sentiment, but i believe we are quite close to a minor turn on the daily charts.

we have had 3 days of -1000 ticks, though the level of fear on most indicators is well off the july lows, in 98 some of the fear indicators blew out in october as most other indicators made huge bullish divergences, we have those divergences now, we just don't have the level of fear present, it should be on the front page of newspapers.

this morning i watched the early today show 4:30 am on the left coast, and she interviewed guys from both the nyse and nasdaq that were glum and glummer.

during the bull market i used to take interviews like that, as an indication of a nearterm pullback -g-