All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (11199)	2/20/2000 9:23:00 AM
From: Giordano Bruno	Read Replies (1) of 42523

the NAZ panic cycle... Greenspan was unequivocable,he is targetting the stock mkt. If it grows faster than personal income, he is going to continue to raise rates accordingly until it slows down or sells off. If OIL goes to $35 over the next few yrs, the FED doesn't care, but if it goes to $35 in the next two weeks, he does care. Its not the level, its the rate of speed at which mkts move that bothers him. But hey folks,nothing to worry about here...except maybe that monthly PANIC CYCLE due in March for the NASDAQ!!?? If this Panic Cycle means "panic selling", then investors lose big-time; but if this Panic Cycle means "panic buying"..investors lose big-time!!??...because the FED will not tolerate panic buying. Asset Inflation is a strong worry for the FED, as it should be. Dirty Harry is back in town! If Greenspan is "Dirty Harry" and the punk is a momentum day trader buying tech/internet/biotech stocks on margin, the msg from Greenspan to the punk: "Do you feel lucky punk?" SPH0 has broken below Tuesday's Low (at 1380) and may soon test 1369; breaking below 1369 may signal a Free Fall. Closing below 1352 today will confirm a move to 1303 and we cannot rule out a test of 1147 before the correction is over. On the Nasdaq (mar) we cannot rule out a test of 2022. No that's not a misprint!! 1147 is our second monthly bearish reversal on the S&P march contract; and 2022 is the 2nd lower monthly bearish reversal on the Nasdaq (mar). If you still believe in momentum trading or that " fund flows" is everything and that nothing can stop this market, maybe its time you watched that Dirty Harry movie again. Try to find a movie in which Dirty Harry loses. James Smith

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