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

To: Lizzie Tudor who wrote (16020)	2/2/2003 9:18:45 PM
From: nsumir81	Respond to of 19219

Liz-The leading stocks have ALL broken down..did you not check the price charts-g? Tiring as this discussion may seem (or is it tiresome?), it is a bear market. Period. You may be using (200d, 50 weekly, whatever MA crossovers). Does not mean a thing imo. Seen trendlines and what not broken and broken back. That is what I meant by mini-bull phases (implicitly without using those exact words). You work for some .com type company per your profile. Well, have you truthfully seen any NET (I mean NET) hiring yet in any of your software sector type companies?. I do not mean one or 2 companies grabbing market share from the others. If this is truly bullish, there ought to be NET hiring by now. After all, what is it ? 3-4-6-9 mths now since the software sector began to make a 'recovery' (stock prices are a great illusion imo). My friends do not say so. Again you are talking about indices when you say "We are significantly above the oct lows so unless we break those decisively on the nas"..and I betcha that is supported by some belief in 4-year cycle lows etc etc. And so I suspect that belief spills over to support sector observations and then why not?..the overall bull market theory. One more thing to keep in mind about price lows and another illusory effect. Although the price lows of '73-'74 were made the market truly did not bottom out in terms of valuation (albeit with higher prices) relative to inflation etc until the early '80s. Still I am confident that even the price lows of October will be broken sometime in the next several if not few months. This bear market will disprove each and every adage about typical market recoveries..2nd half story..don't fight the Fed etc..one by one. That is what I have seen these past 3 years and that is what I am sticking to. Good for you to see the bull where it isn't.