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Strategies & Market Trends : Fidelity 401(K) Trading - Monocle, FastTrack, etc. -- Ignore unavailable to you. Want to Upgrade?


To: Thom Taylor who wrote (9)4/27/1998 1:06:00 AM
From: Skipperr  Read Replies (1) | Respond to of 19
 
Thom - Have you noticed that everyone posting on SI is either neutral or bearish?

If you look at the SI bull/bear ratio, we're in the buy area.

If you consider the decennial pattern, years ending in "8" are up more than any others, except for years ending in "5". Also, the strongest 2-year period for stocks are years 8 and 9 of the decade.

We have the very favorable bullish month end period just ahead.

Cash inflow into equity funds last week was $3.5B. Not stupendously large but continuing, none the less.

Low inflation - possibly benign deflation, favoring financial assets.

Extremely favorable demographics along with money locked into IRA's and 401(k)'s.

My very reliable TA oscillators on the Nasdaq and S & P are either on bottoms now or close to it.

And, my idea only, the more trouble President Clinton encounters, the more likely we see favorable economic conditions (He knows that without the strong economy, why will people support him? Remember, he's very concerned with his legacy and the performance of the economy is his strongest asset)

I could go on and on. It seems that the Hi-Tech indices are stronger than the overall market now.

You know what? I'm going to be a contrarian and stick with my investments. I think the odds favor a resumption of the up-move.

Best regards, Skipperr