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Strategies & Market Trends : Rande Is . . . HOME

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To: Bucky Katt who wrote (41932)	11/22/2000 12:15:23 PM
From: Rande Is	Read Replies (6) of 57584

. . . . . . . . . . . Holidility and Our Current Political/Economic Condition . . . . . NOTE: I am trying to keep this post non-partisan but I do express an opinion based mostly on cause and effect and what I have observed in the markets in recent weeks. If I offend political followers of any particular persuasion, I apologize. With the anger increasingly building among the conservative Americans [and others]. . .if V.P. Gore is able to pull a victory out of Florida, I believe that he will be well on the road toward becoming the least-liked president in U.S. history. And with so many critical support levels now broken in these markets, if Gore is declared the winner, I see stock prices forcing a recession and perhaps even a full-blown bear market. . . and the worst part is that we could be at the high end of the new trading range!! Remember that NOBODY makes money in a bear market. . .not the bulls, not the bears, not the Market Makers. . . nobody! Each morning feels like opening night at a Broadway show, but where the house is completely EMPTY!!. . . and the actors are wondering why they are bothering. . . but the show still goes on. For the sake of our economy, let us hope that the above scenario does not play out. I am not saying that I do not want to see the courts do "the right thing". But we all know that the political powers that are pulling the strings to this election are no longer interested in the right thing. They are interested in winning. Plain and simple. Both sides!! Today's downward move is further indication that the markets do not like the judicial decision. And there is little doubt in my mind that this will end up in the U. S. Supreme Court. . . which could take us well into December. . . .thus ruining any potential recovery we are due. . .and even expecting. The votes have been counted. Re-counted. And re-counted again. This is no longer about the 'will of the people', IMO. This is no longer about counting. And this is no longer about justice. This is about two things. 1. The longer that lawyers drag out a fight the more money they make. 2. You cannot lose until you give up finding a way to win. I am setting up for swing trading Inverted Holidility on Friday. The short-sellers have been having so much fun with this low volume uncertainty-driven buyers strike . . . that I believe they will rally on Friday and take some stocks to levels you would never have thought possible. . . .as there will be nobody home to hold down the forts. I believe we will see no more than a half dozen stocks showing good percentage gains to the up side. But picking them will be nearly impossible. Whereas many stocks will see their bottoms drop out. [This morning I waited for a pop off the gap before placing short-sells on percentage losers today. . . and it worked like clockwork for quick scalping.] Friday should be much the same. I know this is not what everyone wants to hear, but this is what I "see" subjectively coming down. There simply are no more buyers. And the momentum players [long only] are all deceased. So the swing/position trading short-sellers are finding themselves becoming Momentum traders [short only] . . and will be out in force even more this afternoon, IMO. And how they perform this afternoon will indicate to us how we may all do during Friday's holidility. Profitup. . . profitdown . . . but always ProfitOften!! Rande Is

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