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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: tsigprofit who wrote (11667)	10/15/2002 8:53:29 PM
From: Robert W. Popejoy	Read Replies (1) \| Respond to of 13094

Every thing you say is true. The bull has been on a rampage the past four days. Perhaps it is time for a pullback. There was quite a lot of price pull back in trading in the after market today. I don't expect a huge pullback. If it doesn't develop I will cover. I notice that the (tnx.x)10-year treasury note yield went from 3.60 to 3.996 and the (tyx.x) 30-year long bond went from 4.649 to 4.963 over the past 4 days, at the same time the market is roaring up. Both charts may have made a bottom in yields. This might suggest that there is selling of bonds to go into stocks. That would reinforce your point about Buffet's action. The S&P and NAZ futures are down in Globex trading this evening. That does not mean they will be down in the morning. So we will see. I appreciate your comments, always. Bob

To: tsigprofit who wrote (11667)	10/16/2002 3:46:42 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

You may well be right, but the bull case: (1) We have had a much longer than average, broad decline, especially in the Nasdaq. (2) We've had a really bad few months, ending just a few days ago - so are way oversold. (3) The VIX has been in the range for past lows (4) We are in October. It just seems to me that we are setting up for a rise over the next few years. No one knows the exact timing, of course, but I'd be careful going short here. Good analysis Matt... I also think we are close to a bottom... October is a good time to find out... : > Jim