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

To: Lizzie Tudor who wrote (16003)	2/2/2003 3:58:03 AM
From: Steve Lee	Read Replies (1) \| Respond to of 19219

crap stocks tend 2 fly before a major fall. Your proclamation that small nas stocks are not in a bear is a disastrous misread of the situation. It is a sign of total stock carnage dead ahead. You can see how such carnage always follows flying crap by looking at how market plummets have ALWAYS followed high $BPCOMPQ readings.

To: Lizzie Tudor who wrote (16003)	2/2/2003 6:53:44 PM
From: nsumir81	Read Replies (1) \| Respond to of 19219

Lizzie..ok once more.. Most message boards like this one that I follow focus mostly on broader indices and not individual names (hence the usage of Rydex nos here and price/momentum technical indicators elsewhere). Sure at any given time, there will always be stocks out of phase with the current market, be it up or down. Some companies do well for a few quarters then it changes. Point is even if on a relative basis, certain stocks like WEBM (add that to the list?) may be performing better on a shorter term basis (3-4 months) and some even longer than that, their old higher levels are gone. They take out short interest at lower levels run into overhead and then retreat when things change. And in an economy (global, not just here) bumping along the bottom and going even lower, there are plenty of pockets of negative and positive correlation. Point also is when arguments for the bull case in a bear market such as this one fail, folks start pointing to individual names. Like whoever discussed stocks in 2001 and 2002 like Deluxe Corporation (a 3-letter not 4-letter symbol for that)? Folks mostly discuss indices and that is what I was talking of. Nothing changes for a real bull for sometime..unless imo some restructuring takes place globally which is what some hope for. It would be welcome news but will it happen? aw what the heck i might just start posting here again.. just opinions who knows