This is HUGE bull market

"this is a "value rally" wherein the stocks that are doing best are of a different nature, sectors, capitalization etc. to a large extent than the last one"

Um... so far....

The rally in 1998 began with 'value'... which then stagnated as tech, biotech, telecom, internet stocks took over.

What sectors began taking off today?
 
Quote from hels02:



What sectors began taking off today?
More...

Trucking up 7.3 percent
lodging up 4.84 percent

both of these due to buy outs of a trucking firm and four seasons by private equity firms.

radio broadcasting 4.42 percent
regional airlines 3.65 percent
networking 3.52
restaurants 3.45
major airlines 3.14
 
Hrm. That's odd. According to my Research, TODAY's (Nov 6 2006) sector changes by price and volume are:
1.37% - Information Technology 726.2 mil
1.35% - Consumer Discretionary 274.7 mil
1.34% - Financials 201.3 mil
1.27% - Health Care
1.04% - Energy
1.11% Industrials (lower because volume was lower than Energy)
1.14% Telecom
1.19% Materials

Transportation isn't even on the active list. Where on earth did you get that list from:)?
 
Per S&P's 500 Industry Leaders (from S&P subscription services)
the 3 month leaders (by returns) are:
1. Internet Retail 37.8%
2. Tires & Rubber 35.7%
3. Photographic Products 28.2%
4. Food Distributors 27.5%

Trucks doesn't appear on the list, and Airlines are at the bottom of the Industry List in the worst 10.. specifically #148

I'm taking this from S&P's premium services list with the S&P 500 Analyzer tool. If we're going to talk about sectors... lets take them from the horses mouth (S&P themselves)

What on earth are you looking at Holy?
 
This is actually an interesting thought....

The data we are using to do our 'analysis'... how accurate is it? Consider, garbage in, garbage out.

I don't bother with data from the public news sources, because I find it often skewed, biased, manipulative and wrong.

Where I get data from are premium services from the brokers I trade with, and I use 3 different ones because they come with different tools and premium content... most valuable being S&P's actual rating reports and analysis on a daily basis, but I also get Reuters, First Call, Credit Suisse Research, Rochdale Research, Sabrient Research, Argus, MorningStar and Jaywalk. This with continual live feeds from ARCA, NYSE, ISLAND, PHLX, BOX, CHX, NASDAQ and AMEX.

Where are you getting your market data from to make buy/sell decisions? I hope it's not Marketwatch and MSN.
 
it's also a matter of timeframe guys

this rally i am referring to started in late '02.

i am not talking about the last day, week, month, etc.

overlay the following charts with a common scale

DJIA
S&P 500
S&P 500 EWI
RUSSELL
TRANSPORTS
UTILITIES
NASDAQ COMPOSITE
AMEX COMPOSITE
NYSE COMPOSITE
VALUE LINE INDEX

etc.

you will see some SERIOUS divergences.

yesterday's rally is not today's rally

and by yesterday and today, i am referring to the 90's rally vs. the rally that started in 2002

dow in late 2002 was around 7200 iirc
now it is over 12000

what %age return is that?

hth
 
I will take a look at worden. Have you guys taken a look at ThinkorSwim's analysis software? It's pretty nice if you do any options trading too. I only have a small account there, which I use to buy puts and calls on (to cover, so it's a losing account by intention), but it gives me some nifty tools too.

As for this bull run... I've seen people say it's 'run' for 4 years, and I parrot it myself sometimes. But I am not sure I agree that it's been a 'run' for 4 years. Look at this summer's dump... it's considered a correction... but why don't we start the 'run' as of 3 months ago because of it?

I periodically question everything I know, just to be confident that things haven't changed, or that I have all the data I need to make informed decisions. And I'm perfectly willing to accept that I'm wrong or learn something new if I think it will improve my trading:).
 
Whitster... I'm not sure I follow what you're trying to say here.

Are you trying to tell us that we're about to have a gigantic correction:)?
 
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