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Author: jhuangwithnmr One star, 50 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 31  
Subject: Re: Banking Sector Date: 10/2/2001 9:36 PM
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If you use so many indicators, you may find some of the very best. If the stock markets in general continue to be healthy, these momentum indicators will be excellent in the upcoming days. These indicators become dangerous, of course, when the market turns its mood and all of your indicators lag a bit and still indicate buys.

Is the run over? That's a tough one. No doubt you've noticed a run in the recent 10 days. The New York banks report healthy earnings (although we have not seen the new numbers since Sept. 11th), and it got a small boost with an analyst upgrade. Momentum plus fundamentals give it a real drive. Whether the run is over or not depends a great deal on whether the big drop was a temporary drop or whether the fundamentals have truly deteriorated. My guess is that the above-average earnings will continue, but as always stop-losses protect mistakes.

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