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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (9640)	4/30/2003 11:11:49 AM
From: Return to Sender	Respond to of 95657

I can't find fault with that reasoning Kirk. I do think however that there is more information now available to us today that can help us to market time even a small portion of one's portfolio for trading purposes even as we hoard cash to buy the clearly indicated dips like we saw last October. If we get a dip like that again you better believe I will be going long in a big way. I will not however chase an overbought market. I may be missing out because stock prices are much lower with improved earnings as Michael Happel suggests. I might miss out because Moore's Law still applies and price to book ratios are at reasonable valuations at a time when operating efficiencies have been optimized for some of the best potential investments like Cary believes. I might be missing out because I have not yet begun to accumulate stocks in an AIM like fashion and a real bull market may be in the making as you seem to be suggesting. All in all these are the risks I am taking by remaining nearly 100% in cash and waiting for at least one more sell off. But I hope you will finally admit that the most recent "Chart of the Day" shows that during the period of 1990 to present the DJIA has sold off during the time when market bulls have hoped for a summer rally. chartoftheday.com In short the chart suggests that if we follow recent history the market may indeed advance some more throughout May. So BPNDX may reach a high of 75 or higher before a true market top is reached. The bulls may have ample reason to believe that the bear market has finally ended only to see another summer sell off take things back down a bit through October to a time when I can most likely become very bullish due to a wide variety of excellent reasoning like those supplied by all those bullish here. A time when I will be a buyer ... *but at lower entry prices.* JMHO, RtS