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05/02/03 10:22 PM

#104062 RE: orkrious #104058

I just moved from a place with no TV to a place that has one. That means, being weak, I can't stop myself from watching CNBC. They are beating the bull market drums big-time. Normally, I'd just laugh it off, but two things have me wondering: (1) The Dow Theory buy signal today (even though it was engineered by Merrill's nonsense about the airlines).
(2) The chart of the last few months just doens't look like the old bear-market rallies. It looks more like a bottom, perhaps for a cyclical bull.