The Black Box

[da_cheif]

there are no bear markets........just inventory adjustments to certain segments of the market in order to prepare for the next leg of the ongoing bull of western civilization.....as you recall the narrowly based indexes the dow....the naz.in 2000 to 2002...were dropped in order for the exchange and its insiders to adjust their inventories after the excess of the 90.s....meanwhile the majority of stocks in the primary market had their inventory adjustments completed in march of 2000 after making their highs in 1997.....that is why the weekly ad line of the primary market bottomed in march 2000 after a 3 year decline from its 1997 peak.....and that ad line has been melting up ever since march 2000......the coming advance in the dow and sp500 will make what happened in the 90.s look like childs place in comparison.......and if you dont think so....look at the monthly charts of the nyse....value line....amex.....2000 is but a pimple on the charts......http://w3.tribcsp.com/~fredj/ney.html