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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: DataBits who wrote (21104)	11/1/2002 9:56:35 AM
From: SliderOnTheBlack	Respond to of 36161

re: "Best October in History" ?!?!? ...if there was ever a test for a "DISINGENOUS" and biased media...spinning this October DCB off an interim low, in what in actuality is the continuation of the most brutual bear market of unprecedented destruction since post WWII; as the "BEST" October in history...simply takes the cake. Obviously, even the most neophyte of individual investors won't bite on that spin. A series of lower highs and lower lows; followed by just one of many DCB's off of a major downdraft interim low & pumping that as something positive is ludicrous....sheer lunacy. At the least... the DOW needs to take out that prior high where the last leg failed and then rolled over to new lows... that being the closing of DOW 9053 on Aug 22nd. - without taking out 9053 on the DOW - the Bear is not only alive & well, but still LARGE & IN CHARGE ~ The other hypocrisy in this hype of the "greatest October in market history" is the numbers they are choosing to use. Use the DOW close of 7938 on Oct 1 and the close on the last day of the month of DOW 8397...and the DOW moved less than 5% for October....ie: HOooooooo HUUuuuum ~ The "numerologists" instead chose to take advantage of the fact that the interim low of this most recent leg of the BEAR was the last day of Sept @ DOW 7591...and are using that number to calculate the "Greatest October in Market History" - ROFLMAO ~ ...unbelieveable duplicity, hypocrisy and audacity; they are not just throwing YOUR "OPM" into supporting THEIR record "INSIDE WALL ST" - SIMULTANEOUS move to RECORD SHORT LEVELS, but THEY are insulting YOUR intelligence at the same damn time...by hyping their move in using YOUR money to fund THEIR market exit - as the "Greatest October in History " ? A Rally ? - something to "don't worry - be happy" about ? MeThinks NOT. As PT Barnum said... there's one born every minute... It's still the VALUATIONS... and when one washes away the aggressive accounting for options, pension shortfalls and those seemingly reoccuring- non reoccuring one-time charges (vbg) - we're still at ridiculous, speculative valuation multiples in all the major indicies. PS: re: the HUI and Gold Stocks - We had a literal straight up, uninterrupted move in the HUI this spring from HUI 80ish around March 8th to the closing HUI high of 147 on June 3rd. That was a literal 67 point move without any real resistance, profit taking, or selling. That we have pulled back and are spending some time backing & filling here at the midpoint of that move, is not just to be expected; but is very positive as it allows us to remove the weakhands & momenteum players and build a solid base for the next leg up - which imho; will takout out HUI 175ish for new highs; in yet another uninterrupted move that I think will begin here shortly from an approx base of HUI 120-125ish. PS S: (the really important stuff) B.C tomorrow for the IRISH ~ They've been spoilers for ND before, but not tomorrow. 9 -0 and another step closer to Miami ~