The Market Is Poised for Another Aggressive Bull Run (The Tax Cuts have an impact!)

Lycos Financial news ^ | 23 May 2003, 08:30am ET | Thomas Kee a Member of the National Association of Securities Dealers

[Ernest_at_the_Beach]

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The Market Is Poised for Another Aggressive Bull Run
23 May 2003, 08:30am ET

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NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Thomas Kee, CRD Number 2369405, for Stock Traders Daily, a Member of the National Association of Securities Dealers, CRD Number 111906.

Stock Traders Daily has issued a comprehensive Report titled: The Market is Poised for Another Aggressive Bull Run.

This Report details the reasons behind the Market's likely move higher, it identifies target levels for the Market over time, and it lends support to timing for investments in the Market to take advantage of the increases that are likely to come.

This Report is designed for everyone that has an interest in the Stock Market, whether they are active Traders, or planning for retirement.

Thomas H. Kee Jr., Chief Investment Strategist with Stock Traders Daily, believes that Market leaders like General Electric Company (NYSE: GE) and Int'l Business Machines (NYSE: IBM), along with High-Tech standouts like Intel Corporation (NASDAQ: INTC) and Microsoft Corporation (NASDAQ: MSFT), will lead the Market to new highs both near term and over the next few years.

"Take a step away from current events, and take a look at the bigger picture," says Mr. Kee. "By removing the microscope, Wall Street will understand that there are very few variables that can stand in the way of this Market over the next four years."

Copies of this detailed Report are available on Stock Traders Daily's Corporate Web site:

www.stocktradersdaily.com

Thomas Kee, CRD number 2369405.

Stock Traders Daily, CRD number 111906.

Contact: Thomas Kee
Company: Stock Traders Daily
Voice: 415-561-9598

[Grampa Dave]

I was afraid of that! So don't tell me! :)

[SierraWasp]

"Where is the state of Viginia?"

Ain't dat da promised land we been chasin all our adult lives?

[Steven W.]

Don't take that Puplava stuff seriously! They're a bunch of shorts & goldbugs, fools really, who hate equities and complain about the cost of stocks whether Cisco is selling at P/E = 15 or P/E = 25 & write everyday about how they can't figure out what's going on in the market. Simply check out S&P 500 chart and you will see the technical bear market trend was broken some time back and is now in Bull Market territory trading above the major moving averages. Also note the significant technical milestone of divergence achieved a little over a week ago when the 50 day moving average crossed over the 200, the first time that's happened in over 20 years since the Reagan Bull Market started in the 1980's and continued through 2000.

[ido_now]

Yes the market is poised for much more Bull

[evaporation-plus]

Long ago I learned that someone who will gain from selling
you something cannot be believed......

[RetiredArmy]

Besides Virginia isn't a state it's a Commonwealth

Does that mean they lots of money?

[Conspiracy Guy]

Yeah.

[Starwind]

Don't take that Puplava stuff seriously!

Don't take that Steven W. stuff seriously.

After having been told twice, Steven W. still doesn't know the difference between the S&P 500 and SPDR's (S&P 500 Deposit Trust Exchange Traded Fund).

Look carfefully (at least more carefully than Steven does) and you'll see the name of the issue at the top of the chart is S&P 500 SPDR's SPY. SPY is the SPDR symbol. Steven means to use the SPX symbol but isn't paying attention.

The chart Steven W. meant to show (three times and still gets it wrong) is here. Note the name at the top is S&P 500 Large Cap Index ($SPX), note the prices on the right edge and the volume.

Nor did he pay attention to the price - SPDR's are around $93 whereas the S&P 500 index is around $933 (a ten-fold difference), nor to the volume - SPDR volume is around 50 Million whereas S&P 500 index volume is around 2 Billion (a forty-fold difference).

The shape of the SPDR price graph tracks closely the SPX price graph because arbitrage sets the price of the SPDRs to match the SPX, pretty much within minutes of a move off fair value.

Whatever conclusions you wish to draw from Steven W.'s "Technical Analysis", bear in mind it's from someone who is isn't paying attention to the basic data or to the issue he's graphing and misunderstanding.

One can argue that we're bearish, but at least we know why we're bearish. Steven W. doesn't even know what he's bullish about. But after all, it is your money.

[DaGman]

The Bulls have been saying this since 2000. They never say die.

On the other hand, I just think its going to be quite a while before there's a bull market again.

[SwinneySwitch]

MANASSES, not Bull Run!

[grania]

Considerable consolidation has really filled in the gaps & shaken out the wimps from 8000-8400, establishing a nice base for the next technical move up, as recognized and noted by the writers.

The stocks that I have (I'm a small individual trader, with my real savings somewhere safe) are looking very nice right now. They had been undervalued, but they're getting some notice. It's nice to have been able to sell some things at a profit the past few weeks.

[steveegg]

Since we're correcting, that would be Manassas, and the bulls are in Union blue.

[GGpaX4DumpedTea]

So is Senator Sheets...

[Fractal Trader]

Starwind, you need to take a chill pill.

Free Republic is great for reasoned debates, acting as a gentleman in your demeanor. Personal attacks -- we expect to see that in the democratic underground.

[JNB]

Stock market astrology again I see. Using charts alone is a good way to lose ones shirt.

[putupon]

Since we're correcting, that would be Manassas

First and Second

[steveegg]

> Since we're correcting, that would be Manassas

First and Second

Second verse, same as the first.

[Soren]

The bull/bear ratio is at its highest level since 1992 per Adam Hamilton's latest essay. Not a very bullish sign. I am amazed that anyone can look at the broader market and be bullish, but I guess a difference in opinion is what makes a market.

[AmericanVictory]

That's the hope, anyway.

[M-cubed]

One question?....Did you make money on the fall of the Clinton bubble?...some did you know!...I'm retireing early...are you?