Ralph Acampora
Ralph Acampora
additional attempt backing bottom cannot currently early filling market meaningful necessary price rule setbacks stage taking time
At this very early stage of an attempt to put in important lows, we cannot rule out additional setbacks and volatility. Normally, time and price stabilization are necessary for the market to put in a meaningful bottom - the backing and filling that is currently taking place is part of this process.
beautiful driving impressive narrow quality stocks
The thing that's very, very impressive is the quality of the stocks that are driving this. It's a very narrow list, but a very beautiful list.
blue exactly small sorts
The thing that really impresses me the most is that this market's broadening out. You have not only blue chips, you have small and mid-cap names. You have all sorts of industries. This is exactly what you want.
aggressive bail fund money
There's 'hot money' -- hedge fund money, more aggressive money -- if they sense anything out of the ordinary, they bail out quickly, en masse.
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.
above climb interest market rally rates stop time
Time is one of the important things to me as an analyst, and this rally is long in the tooth. And if interest rates climb above 4.8 percent, this market could stop on a dime.
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.
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.
change good news sentiment
Sentiment can change overnight. Good news is good news again.
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,
money tons
There has been this realization that there is tons of money on the sidelines.
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.
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.