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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (12430)	3/5/2004 4:04:02 PM
From: D.B. Cooper	Read Replies (1) \| Respond to of 13815

maybe they got their fingers burnt.

To: Sig who wrote (12430)	3/7/2004 4:43:41 AM
From: Sig	Respond to of 13815

From a Marketwatch news item ........................... <<<<At the end of February, for the first time in three years, the Nikkei's candle chart showed a "golden cross" -- a bullish sign in which the 12-month moving average crosses the 24-month moving average. The last time the 12-month moving average surpassed the 24-month average, the Nikkei rallied for six months, Masuda said. "From this chart, it's well likely that the Nikkei would go as high as to 13,000," he said.>>>> Where have our Wall street bulls gone to? I have not watched Wall Sreet Week after L Reukeyser moved- thats where they used to hang out. Why aren't they predicting Dow 14,000 ? Greenspan the most powerful man in the universe today, if he raises rates too soon he can cause a collapse of the building industry and business investments and therefore affect the election results. But the banks he represents would object fierecly so he is not the sole voice. What the Administration would want is a steady upward course peaking in November. Most to be avoided is a steep dip. The recent dip in the NAS is no problem, it even helps by taking some steam out of gains that were too rapid to hold. Can now go back to a more reasonable growth rate which is supported by recent earnings growth. Market has taken some bad world news in stride. Having Japan and China economies marching right along seems to help. Am still expecting an upward trend to this market Sig