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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (16714)	4/22/2003 10:06:21 PM
From: techanalyst1	Read Replies (1) \| Respond to of 57684

I'm not arguing that we are in a bull market, that we will go higher, that valuations are good. All I'm saying is that it seems to me that the trend is sideways. New highs continue to outnumber new lows. Even the Nikkei held support for years before making another leg down. Naz has gone down as much from it's top as the nikkei did in much less time. If there weren't so many shorts, I'll bet there wouldn't be this many new highs. We'll see how my puts do. TA