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James,
I agree - I was not to say that a new bull market was in order. Just
that IMO the bears would be taking a nap for a while. Nobody indeed
can say whether this will be only a upside reaction in a bear market,
or a new bull market.
Carl
--- In realtraders@xxxxxxxxxxx, "James Taylor" <jptaylor@xxxx> wrote:
> I wouldn't go so far as to say a bull market is forming, far from
it.
>
> The lemmings that got their lunch eaten by this last decline are
wiped-out,
> and it will take a hell of a long time for the next batch to amass
enough
> money
> to form another bull market.
>
> We are at best, in a bear market up leg. I wouldn't get to excited
about
> it, unless you
> are a bear and are waiting to pounce on the next inflection point.
>
> JT
>
>
> ----- Original Message -----
> From: "Carl Vanhaesendonck" <carl.vanhaesendonck@xxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Tuesday, January 16, 2001 2:48 AM
> Subject: [RT] Re: The Reason for Nasdaq's Temporary Bounce
>
>
> > Just one comment, I made the following observation re Nasdaq and
> > Volume:
> > The last months were characterized by an inverted volume behavior
> > (increase in volume when prices decreased, and decrease in volume
> > when prices rised. From the 1st trading day this year, this has
> > changed: the volume increased increased and decreased in synch
with
> > price, which would suggest a bull market is emerging.
> >
> > With most indicators, like MACD, there has been not one, not 2,
but a
> > triple bullish divergence, which is quite rare and also could
> > indicate the down-up trend reversal has already started.
> >
> > We will see...
> >
> > Carl
> >
> >
> > --- In realtraders@xxxxxxxxxxx, DH <catapult@xxxx> wrote:
> > > > For me the evidence is building that we have a significant
bottom
> > at least
> > > > as good as fall 1999.
> > >
> > > Further evidence, David Tice was a holiday guest host on CNBC
today
> > and
> > > was answering questions from little old ladies in investment
clubs
> > about
> > > how to short stocks. :-)
> > >
> > > --
> > > Dennis
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
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