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To: Justa Werkenstiff who wrote (7709)6/8/2003 8:29:36 PM
From: Return to Sender  Respond to of 29596
 
It was too good to be true:

investmenthouse.com

My comments to your post

Actually the last alternative which you just described is probably the most likely in my opinion. I believe valuations are too high here to be sustainable without further proof of a business led economic recovery so a trading range is very likely until we get more evidence of exactly that kind of recovery.

As much as I want to doubt this rally as the real deal (I'm Mostly in cash except for some shares I am short AMAT) this rally has satisfied most of the requirements for the beginning of a new bull market in my opinion.

Now most everyone is certain we had a high volume reversal on Friday that should lead to some type of consolidation or correction. It could last a few days or if we get enough warnings a few weeks.

I plan to get charts of the components of most of the market sectors and industries over on the new thread there. It would be great if we could convince Les to post his data there.

It would fit so well with what I hope to accomplish which is simply to make it a little easier to see what is happening in the various sector in the market.

Thanks, RtS