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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (7132)	2/3/2004 3:01:21 AM
From: jimsioi	Respond to of 109015

Roebear, my view on the general market.. Good question...I should have an answer for at least myself. Let's see - Advance Decline line still pretty firm but in a little corrective phase here. stockcharts.com McCellan Summation falling and below last July's highs. Oss is closer to over sold than overbought... stockcharts.com Looking at the S&P - DMI repulsed positive today, RSI still above 50, Full Stos searching for a bottom near oversold on the daily...PPO still headed down.... stockcharts.com[m,a]daclyyay[pb40!c200][vc60][iLl14!Lb14!Le12,26,9!Lp14,3,3]&pref=G Valuations seem high relative to prospective further earnings growth. The FED is keeping the money game alive...Higher interest rate concerns exist and may materialize even without the FED's wanting them to if the dollar falls.... ...and I have but 15% in "general equities" (GNTA ZMH EWS OMNI) ...so I suppose my answer is that I don't have a strong sense that the risk reward favors a big general equity position, but the game doesn't seem to quite be over yet and I betting it's not for my short list. Will admit to not having been a big participant in the general equity list's recovery, so my view is likely taken best as that of a contrary indicator or seen like a clock, occasionally right, but too often off the mark to be reliable....