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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (7250)4/7/1998 1:01:00 PM
From: b-witch  Respond to of 120523
 
Lisa, go to LastShadow's reply #7085 for the pre Easter effect. ..mitzi



To: ViperChick Secret Agent 006.9 who wrote (7250)4/7/1998 1:38:00 PM
From: LastShadow  Read Replies (1) | Respond to of 120523
 
PreHoliday Effect and Market Assessment:

Well, the PreHoliday Effect I posted had to do with a 50 year average, not the last 5 of 7, but for that matter, I still believe it will be a good time to buy. Understand that what we are looking at in my post is the cumulatively compounded percentage gain - therefore, the market would necessatrily be down in order to support a substantial price rise of the equities. Does this make sense? The stock prices would be lower in order to generate the biggest % gain. So I believe that we are talking about the same thing. If the market dropped 200 points, would that not be a time to go long?

My assessment of the market, after a discussion with Raven this morning in the rttrader chat room left me a lot to think about. For what its worth, I don't believe this is the foretelling of a major correction. I think the market will go to 10,000 and blow past that before correcting. The bears are saying its either overvalued, overbought or precarious for earnings. I don't think any of those will have the overall market indices affect that they would have in the past. Yes, its down today, and yes, it will be down a bit more, but I don't see the money moving to safe havens just yet. The leading funds are still correcting with the markets day by day. When that chagnges, then we will be nearer.

lastshadow