Ralph Acampora
Ralph Acampora
activity breadth expect expected leadership narrow negative problem remain
Expect more of the same choppy activity as the Dow meanders around the 10,000 level. Unfortunately, the leadership is expected to remain very narrow as the negative (market) breadth problem continues.
following people puts upside
It's one thing to have a 257-point up day, ... What you really want to see is the following day when you see the upside follow-through, and that's what we're getting, and I think it puts people at ease.
flirting good move number profits took
I think that you are going to be flirting with that number back and forth. I think good traders, on the excitement, probably took some profits and I think that we will vacillate and move a lot higher.
floor longer market next people trying
I'm trying to tell people now that 10,000 is no longer the ceiling. I think it's the floor for the market over the next 5 to 10 years.
advice forecast market powerful raised reason
I raised my forecast to at least 10,000. And the reason is -- the market is so powerful internally It's very impressive. My advice is -- get in!.
terms
In terms of the Dow, that's around 7,400-7,500,
anxiety backing enthusiasm number quite round takes
I think quite often when you get to a round number you have a lot of anxiety. This backing off is healthy. It takes some of the enthusiasm out.
along bumps
I think there are going to be a lot of bumps along the way,
concerned corporate five fund good higher late might mutual next start ten term
If you're a trader, I'd be concerned because you might be too late on some stocks, but if you're an investor, start to participate. And if you can't do it yourself, get a good mutual fund and have a long term view. This country, the stocks, corporate America, are going to go a lot higher over the next five to ten years.
context correction definition short term
Again, my definition of correction here is short term and this correction is in the context of a long-term bullishness,
earnings hand price
Price is fact. Earnings on the other hand are estimates. You restate earnings. You never restate price.
blue buying changed chips correction creates opinion russell talk
I have not changed my opinion on blue chips this correction creates a buying opportunity. (But) if you talk about other averages, like the Russell 2000, they look terrible.
expect stocks tech
I just want to tell everybody, don't expect tech stocks to go back to the old highs.
fight
I don't want to fight the Fed. But where are they?