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Don,
what is the date on the far right of the chart when the green seasonal line
turns down, the snagit bug covered it up, also was this done w/ EOD or
RT
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Friday, April 12, 2002 4:38
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] No
PrisonersIra,You would not be talking about this
would you (dark green bold line)?don ewers----- Original Message
-----From: Ira Tunik <irat@xxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Friday, April 12, 2002 2:25
PMSubject: Re: [RT] No Prisoners> what about the ever
present summer rally? isn't that seasonality?>>
bobskc@xxxxxxxxxxxx wrote:>> > Not sure about the "sliding
down a wall of optimism" but the sentiment> > figures are 25%
bulls. The wall of worry seems to be well in place.Only> >
an idiot expects earnings about to come out very good and
asexpectations> > continue to be lowered, firms will finally be
able to meet them. My> > concern is becoming the seasonality
affect. We are getting into warm> > months and summer has not
been a good time for equities in recent years.> >> >
Bob (Fundamentalist)> >> > At 11:25 AM 4/12/2002
-0400, you wrote:> > >Ira> > >> > >You
say the market looks like a disaster, then point out the facts that>
> >suggest, well, it isn't really a disaster!> > >>
> >None of the major indices has taken out even its February low yet,
so> > >you are quite right that we haven't produced a major
downturn. Yet.> > >> > >To me, the market is sliding
down a wall of optimism (or whatever the> > >reverse of climbing
a wall of worry is). Stocks with good news go up,> > >but stocks
with bad news go down harder. The earning cycle of next week> >
>will be decisive, in my view, in setting the emotional environment
for> > >the next few months. Quick attention to outperformers
will slowly lose> > >out to the realization that business overall
just isn't that good, and> > >isn't going to get better
soon.> > >> > >I also see this jiving with Ben's
bounce next week, followed by further> > >declines as the truth
sets in.> > >> > >JMHO> > >DanG>
> >> > >Ira Tunik wrote:> > > >>
> > > In a market that took no prisoners today there was an
interestingevent> > > > that occurred. Out of the
top volume leaders on the Nasdaq and theNYSE> > > > here
were the only up stocks. CPQ, AAPL, BRCD, BRCM, FLEX, MO, WM.> >
> > Basically one food stock, one bank and the rest high tech.
Couldthe> > > > bottom be in for the Hi-tech stocks.
Where could the funds berunning> > > > to for safety now
and what will the redemptions force them to do?In a> > > >
market that looks like a disaster, the Dow is still over 10,000,have
we> > > > seen the bottom or just the start of a big
slide. Until 9500 istaken> > > > out we are still in
an uptrend, so there is more then 500 pointsthat> > > >
can come out of this market and the direction will still be
thesame.> > > > That means that there is still plenty to
be made in eitherdirection.> > > > Good trading,
Ira.> > > >> > > >> > > > To
unsubscribe from this group, send an email to:> > > >
realtraders-unsubscribe@xxxxxxxxxxxxxxx> > > >> >
> >> > > >> > > > Your use of Yahoo!
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send an email to:> >
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