|
PureBytes Links
Trading Reference Links
|
<FONT face=Arial color=#0000ff
size=2>Clyde,
<FONT face=Arial color=#0000ff
size=2>
Whats
scary, is that people would even postulate such unsound advice. It seems
the
level
of complacency in this market is amazingly resilient. Economists,
strategists and
<FONT face=Arial color=#0000ff
size=2>now some technical people are
all largely suggesting the market is undervalued (although
they
say
the US is still overvalued relative to others). Is everyone missing what
is happening
<FONT face=Arial color=#0000ff
size=2>here? People's sacred capital is at risk and its suggested we
should buy more? It seems
so few
understand the concept of risk..it staggers me beyond belief. The lack of
understanding
<FONT
size=2>is at every level in the hierarchy. <SPAN
class=510350005-20072002>It seems every still wants to pick the low...doesn't
that tell
<FONT
size=2>you something? I read the online
stuff and al the papers this weekend..and its all the
same.
<FONT
size=2>Markets should be higher in a years
time..as the economy is growing and where
undervalued.
<FONT
size=2>OH MY GOD!! Anyone who follows this
line of thinking is done for. Very few people in
my
<FONT
size=2>observation truly understand what is
happening right now. Of course the economists literally
<FONT
size=2>have no idea. They say the market
'should' be going up because the 'recession' has already
<FONT
size=2><SPAN
class=510350005-20072002>ended...LOL...
<FONT
size=2><SPAN
class=510350005-20072002>
<FONT
size=2>Now make it clear...I'm not a doom and
gloomer...I'm a realist. But in all my years I have never
<FONT
size=2>been more scared about what lies
ahead...and you should be too. That means capital
preservation
<FONT
size=2>is RULE NO 1. The market is shouting
loud and clear that all is not well....forget the fact the
US
<FONT
size=2>economy is still growing. This
decline is NOT just a P/E contraction phase, although that is a
<FONT
size=2>large whack of it. It will be many
months before you see economic numbers appear to validate
whats
<FONT
size=2>happening in the market. Do you want
to wait for that when it can drop 5% in a
night?
<FONT
size=2><SPAN
class=510350005-20072002>
<FONT
size=2>It not hard to deal with. If the
market is going down it will make lower lows and lower highs. If
its
<FONT
size=2>going up it will make higher highs and
higher lows...simple. Remember what Gann said...no
low
<FONT
size=2>is too low to sell...no matter how low it
may seem. People have become accustomed to
absurd
<FONT
size=2>valuations....this is changing. It
will hurt many people....especially those who can't except
reality
<FONT
size=2>or those that suggest you should buy even
more shares when your already losing
money?????
<FONT
size=2><SPAN
class=510350005-20072002>
<FONT
size=2>Adrian
Pitt
<BLOCKQUOTE dir=ltr
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px">
<FONT
face=Tahoma size=2>-----Original Message-----From: Clyde Lee
[mailto:clydelee@xxxxxxxxxx] Sent: Saturday, 20 July 2002 2:24
PMTo: MedianLine@xxxxxxxxxxxxxxxCc:
Realtraders@xxxxxxxxxxxxxxx; SwingmachineSubject: Re: [MedianLine]
Log Chart:Quarterly SP500
First, I apologize to those of you who are
members of more than one of the
three lists that I am posting this
to.
This post is to try to put some real perspective
of this "bear" to all prior
bears since (but not including) the 1929
fiasco.
As you will see, we are in a zone where it is
really hard to estimate whether
investor confidence will recover enough to turn
around very soon or if we
are to be drug down to some of the further depths
to which the market
has been subjected in prior years.
Later this weekend I will modify the SM program
and only record down moves
that have lasted 4 to 8 months and post them on a
chart similar to this so we
can have some more ideas of what may happen very
soon.
The interesting thing is that even if we are not
at the bottom, two years from
now we can expect to be somewhere in the range of
9,500 to 15,000.
If the latter figure is true (and a bunch of
projections point in that direction)
then we could have an increase to 200 % of
present value of a portfolio if
we just bought the DOW stocks.
Kinda scary/amazing is it not ? ? ?
?
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - -
- - - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
John
Wintels
To: <A title=MedianLine@xxxxxxxxxxxxxxx
href="mailto:MedianLine@xxxxxxxxxxxxxxx";>MedianLine@xxxxxxxxxxxxxxx
Sent: Friday, July 19, 2002 8:58
PM
Subject: Re: [MedianLine] Log
Chart:Quarterly SP500
Thank you for finally saying it! Please
forward to O'Reilly, Imus, Peter Jennings, The Today Show, Meet The
Depressed, and the guy standing on the ledge over there . . .
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Mr. Kevin
Bantz
To: <A
title=SPX_Swing_Trading@xxxxxxxxxxxxxxx
href="mailto:SPX_Swing_Trading@xxxxxxxxxxxxxxx";>SPX_Swing_Trading@xxxxxxxxxxxxxxx
Sent: Friday, July 19, 2002 9:24
PM
Subject: [MedianLine] Log
Chart:Quarterly SP500
Putting things into perspective, it doesn't look so bad...
To unsubscribe from this group, send an email
to:MedianLine-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Description: ""
|