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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (17527)	7/17/2003 11:37:28 AM
From: Dexter Lives On	Respond to of 19219

My recollection is that his comments were for small and midcap tech, so be careful with the large cap. Also, it could be that a lot (all?) of the gains are behind us... I think his style is contrarian and sentiment-based(aaii, rydex, etc.). The other way to get bulls in a bear market is to get them to sell then run the price up and get them chasing only to have the market tank again. Ain't this fun!?

To: t2 who wrote (17527)	7/17/2003 11:59:20 AM
From: Lizzie Tudor	Respond to of 19219

I'm with you on Schaeffer, he called the bottom perfectly last year I think he said with a 3 to 3.5% GDP growth 2nd half techs will do much better, which goes against consensus which is that old economy stocks would be more attractive in a slow growth environment. He's at the high end of conventional wall street thinking for technology demand recovery. The problem is the WS people now don't look at the new products anymore (they used to in the bubble but not now). There is a looming significant disruptive threat in video on demand/tv convergence products (this is the broadband movie downloads we have all been waiting for) and it looks like Dell is starting to sell the video equipment. Dell has estimates that say this is coming but WS considers this type of projection "hype" at this point. In this case though, there could be something there.

To: t2 who wrote (17527)	7/17/2003 12:18:04 PM
From: dvdw©	Respond to of 19219

Agree with Bernie; Would encourage all to shift attention to Supply demand metrics for all these small cap plays, in doing so your acuity in managing both trade and Invest side of your portfolio will grow, along with your portfolio. JNPR was run up to 240ish on Supply metrics alone and once the move was in VC shares came out in multi millions flooding the market it is still in distribution from Supply metrics at the opposite extreme. Stocks that Split once twice three times are now paying the piper. Those who are still on liquidity trajectories will continue to appreciate especially in light of favorable fundamentals. Shorts have piled on again in the last few days you can feel their weight as in this mornings action. This is the trade trying to get hold of Value, they know where it is, and they want it. The Liquidity plays billion share trade floats are raging torrents of activity, IMO these should be wholly ignored and move your assets to where the Value is rising up from the bottom. The demand is unique for each of the emerging winners, pockets of investors are fighting against organized trade manipulation and computer systems spewing bogus bids and asks as if by an algorythm. Supply is a relative constant, learn how to use it.