Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (59581)	1/19/2001 9:59:12 AM
From: Perspective	Read Replies (3) of 436258

Gapped straight over that last downtrend line. The only one remaining is THE downtrend for the whole big bad bear. If it takes us a little while to interact with it, it would occur below 3500. There's nothing to guarantee we get that high, but again, salivating if it should happen. Neutral here and will remain so until the orgy shows signs of yielding. I thought earnings would be a negative event (my big mistake), with a rally coming after the news cleared out. Evidently, it's just too much for the collosally stupid fund managers to sit on the month's inflows. Too much fun to burn the OPM. So we buy the bad earnings, the dismal forecasts, and the supposed second Fed easing. I think the excitement should actually end pretty quickly. Looking for a test of 3K to fail, setting up one last hurrah that might go so far as to interact with the big downtrend line. Then we get back to da bear. Seasonals are still providing some clues here, just subtract a little to allow for the downtrend, and multiply by 3 for the lunatics running the financial futures of our retirement accounts. Those seasonals turn very negative at the end of next month. BC

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