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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Compadre who wrote (45313)	6/6/2003 9:50:34 AM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

I stopped trading individual stocks in favor of the ETFs the last couple years. You had to be quick. For the first time in a long time, I am looking for stocks with promising fundamentals. Probably a sure sign of a top. -g

To: Compadre who wrote (45313)	6/6/2003 10:27:57 AM
From: James Strauss	Respond to of 52237

They tell me that many have changed their ways of investing/trading. I am thinking that many took their money out of mutual funds to buy these issues. So when pundits say that very little money is going back into mutual funds, may be they are right. They are not going into mutual funds, they are going into the spyders. Jaime: Good points... Money going into spyders still reflect the underlying basket of stocks that make up the spyder... The fact that the prices of these hybrid indecies are rising in the face of weak economic news speaks louder than any theories about overbought relationships to market prices... My gut also tells me that we should see a correction but I don't fight the tape... The market is confounding the experts... That's good for the bullish side... Also, this up move is happening with still many people on the sidelines... So, the market won't fully correct until more people are long... That way, the market can fool the most people... Right now it's fooling the most people whore are short or out of the market... bigcharts.marketwatch.com The bottom line, "price is the most important indicator"... Jim