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To: Andrew who wrote (20734)9/19/2003 9:38:58 AM
From: austrieconomist  Respond to of 39344
 
I'm no technician. I merely rely upon the collective judgment of those who have established themselves over long periods of time to be the best in the business. But no, from what I know, the U.S. equity market does not appear to be overbought.

I'm more concerned about the meeting of the bankers in Europe and a "surprise" announcement regarding central bank sales, since this weekend correlates with the top of the Lambrecht 4 month cycle as best I can recall, suggesting that the surprise might be nasty. What about it Louis? What does your latest work show?