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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (3245)2/20/2003 3:12:15 PM
From: sa-mule  Read Replies (2) | Respond to of 11447
 
ok

i still think we are going lower and soon.

My time frame is 30-60 days.

I respect you opinions very much.

1000 dow points in a month from Jan 14th area.

this is a bear market rally imo.

i don't believe this is a bottom of any type.

We will watch and react.

Note: I try not to get biased but just look at the charts and PnF indicators.

Tomorrow I could be buying calls, you know how it is.

Sam



To: Win-Lose-Draw who wrote (3245)2/20/2003 3:17:05 PM
From: HoodBuilder  Read Replies (4) | Respond to of 11447
 
This maybe what bottoms look like but how do you justify the valuation disconnect? Forget the P/E argument as most Bulls can explain that away, how about PSR which is a metric you can't manipulate. Sales are Sales! I'd still like to see a VIX spike and a washout beyond the control of the mysterious PPT!


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