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Strategies & Market Trends : Charts & Scans -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (3317)	9/29/2003 10:33:07 PM
From: robert b furman	Read Replies (1) \| Respond to of 5125

Hi Ron, Sure looks like we got awful close huh? Actually when you think about it- with the high frequencey data spelling recovery, except the lagging indicator employment(which just got made a bigger lag by technology). One should be somewhat anxious to buy into the discount - especially when we are a whopping 8-9 days away from earnings repoting, in a quarter expected to be 6% after a quarter thar just got upwardly adjusted to 3.3. Hey - we've been through HEll, but those are good numbers. If they get any better Greenspan will call them unsustainable!! So it is time to keep balance.Things look good and they are getting better. If Mr, market gave me the perfect scenario tomorrow it would be a serious dip in the A.M.,followed by a miraculous turn around. There are a lot of stocks the are set up for a buy wiggle tomorrow.But,we must have a lower low and a close that is higher than today's. If the last hour of the day supports that scenario - buy the close hard, If not - and probabilities suggest this- we've got 3-4 more days of hugging the 50 sma,with of course a scary dip and then a pop. Your chart sure shows a lot of bottomed indicators.Bottoms often have an anemic pop followed by a flatline - that's the place to buy with a vengeance.GG Bob