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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (61397)12/10/2002 10:26:20 AM
From: Moominoid  Respond to of 94695
 
I agree on the October bottom on Nas indices - but I expect most of the Oct-Nov rally to be retraced before we head higher again in a serious way. SOX index looks like making a new low though using E-Wave theory.

rpi.edu

That is a possible model of a multiyear bear market rally. Probably at the extreme upper range of possibiltiies. Then we would crash all over again...



To: robert b furman who wrote (61397)12/10/2002 10:42:31 AM
From: Gersh Avery  Read Replies (2) | Respond to of 94695
 
Hi Bob ..

If we assume that profits surprise to the upside, why would that dictate higher stock prices? How does the dictated stock price get enforced?<g>

We saw, during the dot com bubble, that profits have nothing to do with stock prices ..

I believe that stock prices are more closely related to public disposable income and stock momentum than company earnings.