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mike_m

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mike_m

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Re: Zeev Hed post# 281529

Saturday, 08/14/2004 4:58:02 PM

Saturday, August 14, 2004 4:58:02 PM

Post# of 704019
Re: <I don't think we are yet in the continuation of the secular bear, but in few moths, we should put out a top which should mark the end of the cyclical bull from July/October 2002. >

You are of course welcome to your opinion but I think predicting the end of the cyclical bull after this gargantuan oversold market is sticking your neck out.

We have suffered a sharp correction within the confines of a larger and longer bull run. That is consistent with corrections within a bull. The market is by my calculations more oversold than it was in 2002.

September is near and I would expect the selling to end then as it is one of the favored bottoming months.

I doubt your economic doom prognostication comes to fruition.


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