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Non-Tech : The Critical Investing Workshop

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To: stockman_scott who wrote (6428)3/8/2000 5:17:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
here is some interesting TA on Nazdaq and S&P
I caught the tail end of a Lehman Brothers TAnalyst interview on CNBC

he charted a Volatility Index next to NazComp chart
low volatility happens at market lows
high volatility happens at market highs
we have high volatility NOW, and high NazComp levels
conclusion: NAZCOMP GOES HIGHER

we have declining S&P volatility now, but not at any low extreme level
typically financials are the lone sector holding things up at lows
financials are declining now
even have discrepancy with banks heading down, brokerage up
conclusion: S&P500 is going lower

lastly, the bear/bull analyst rating is high among tech stock analysts
this is not a condition that occurs when NazComp is about to tank

velly interesting, so jump at tech stock bahgains
(Boston translation: bargains)

spare me praise of GreenJackasspan
----------------------------------
his last Soft Landing attempt brought us Asian Meltdown, LTCM fiasco, Russian default

what the hell is he doing now?
just because you cannot understand his vernacular, doesnt mean he is a genius
geniuses can speak to the intelligensia crowd, but some dispute this claim
he does NOT understand the New Economy

/ Jim
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