Ralph Acampora
Ralph Acampora
blue bullish chip flow leadership
We've been bullish for a little over two years. What was in place for two years is still in place: blue chip leadership and the flow of funds.
aggressive believe bullish exciting season summer
Be aggressive because we believe that this summer season will be a very exciting and bullish affair,
action bull climb history markets normal price seeing today wall
Many comparisons have been made with the markets of the 1950s and 1960s. If you go back in history you climb a wall of worry. The price action we are seeing today is actually normal action in a bull market.
bull market
What makes a bull market live is rotation, and we have the rotation.
bull early last market months stages
the bull market is only 3 months old. . . . We're in the early stages of something that's going to last a long, long time.
money tons
There has been this realization that there is tons of money on the sidelines.
benefit carry doubt market strength
We give the market the benefit of the doubt that the near-term strength will carry through to the upside,
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.
camp investors technology telling
Capitulation isn't a one-day phenomena. I'm in the camp that you have to get a wash-out and I'm telling investors to rotate ? the world doesn't revolve just around technology stocks.
change good news sentiment
Sentiment can change overnight. Good news is good news again.
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.
earnings hand price
Price is fact. Earnings on the other hand are estimates. You restate earnings. You never restate price.
I think we could have a spillover effect.
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.