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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Jeff who wrote (12241)10/25/2002 3:09:23 PM
From: vds4  Respond to of 30712
 
jeff... squeaky wheels. you don't notice the ones that are happy. there is an army of lurkers that have not posted. if they were pissed, they would have said so.

only those that feel they need to speak out do so... those of us that are content tend to keep listening and watching imo. just keep that in mind and don't get discouraged... there is enough of that going around these days.

m



To: Jeff who wrote (12241)10/25/2002 3:15:12 PM
From: James C. Mc Gowan  Read Replies (4) | Respond to of 30712
 
Look guys, patience is wearing while the pump job continues.

No way I believe a new bull market has emerged here.

See, S+P said yesterday that actual p/e of their SP500 index,taking out unfunded retirement plans and stock option expense is:

48

I lived thru a major Fed/PPT pump job in 1998, with the bankers made whole on LTCM/Russian Bond default.

This situation looks a lot like another bail out of the bankrupt bankers to me. JPM/Derivatives king and Sandy Weill at C before Congress.

There ARE reasons why the TA doesn't stack up, in the short term, during these pump jobs. Don't be fooled. This is all about distribution.

This is tough but I survived worse.

Death of a Senator is cause for a mid day spike. Very sick market to me. Media gloating on propect of Senate swing, ng.

Thanks for all the excellent TA on this thread.
James



To: Jeff who wrote (12241)10/25/2002 5:24:59 PM
From: augieboo  Read Replies (4) | Respond to of 30712
 
and now we are blind fools after this....

Jeff, I said nothing about "blind fools" -- I said "blind acceptance." Obviously, following the retrace has been the right thing to do up until now, and perhaps it still is. My point is that we don't know if following the retrace from here on makes sense because we've never really bothered to puzzle out WHY the retrace works.