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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (212)	3/6/2009 1:19:42 PM
From: tejek	Respond to of 1428

I actually believe we are in the bottom of the trough. Hope so.... they say the market looks six months out and it's not happy. They are pricing high quality companies like GE at BK type prices. The autos may go out of business which is a huge shoe to drop. True, the market always overshoots in whichever direction.... I think its overshot. I am not willing to stake my life on it but that tendency is always present in bear markets as well as parabolic bull markets.

To: Road Walker who wrote (212)	3/6/2009 3:40:08 PM
From: tejek	1 Recommendation Read Replies (1) \| Respond to of 1428

From TSCM website: "We were looking at DJIA monthly chart going back 90 years today with simple moving averages to see where we stand. Interesting thing is we have completely broken the 10 yr ma that held as support in 2002/2003 bottom. BUT we are in between the 20 and 30 yr ma, right around the 25 yr ma, around 6600 DJIA. 20 yr is around 5500, 30 year around 7600. The interesting thing to me about that is the Great Bull Market began in 1983 ... so we are about 26 yrs beyond that (it ended in 2000/01 or 2007 most think) ... point is, we are right around where an average uptrending line from 1983 to now would be ... i havent looked at the exponential ma yet. Oh, and the 50 year DJIA ma is around 3,600 if you want to really scare yourself."