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To: imawit
Interesting that Bernie Schaeffer has turned more bullish on this rally. I like Bernie -- he's a straight shooter so you have to take him seriously.

Bernie Schaeffer: A Bullish Trade in the Making

Richard W.

22 posted on 10/29/2002 6:16:07 PM PST by arete
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To: arete
Bernie might be right. Perversely, if he is, even more damage will be done to most people's portfolios, in the long run.

...can't have all that money sitting in money market funds -- gotta suck it back in, the bear is hungry.

27 posted on 10/29/2002 7:22:44 PM PST by Tauzero
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To: arete; rohry; Always Right
My honest opinion is Bernie is trying to put too much tech into opinion and emotion.

Hey, how'd you like that scap...a haymaker to the midsection and roundhouse to the temple..clinch & hold...rabbit punch to the left ear...oooooh a jab to the schnozher....now some rope a dope.

THANKS ROHRY & ALWAYS RIGHT. May the best man win. Just what this site needed, some action !
37 posted on 10/29/2002 9:32:21 PM PST by imawit
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To: arete
Interesting that Bernie Schaeffer has turned more bullish on this rally. I like Bernie -- he's a straight shooter so you have to take him seriously.
I've been mulling over Michael Hartman's 10/25 chart and commentary, especially the following: "Even if the market can regroup to push through the [S&P] 900 barrier, I don't see it breaking through the neckline [S&P 930] or the long-term bear market channel [S&P 975]."

Bernie Schaeffer's commentary makes for an interesting contrast with Michael Hartman's: "A logical termination point would be the 1100 area on the S&P 500 Index ... Another less likely possibility would be 1160 ..."

Thanks for the link.

57 posted on 10/30/2002 10:01:22 AM PST by eastsider
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