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Pastimes : Trading the markets.....
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To: GROUND ZERO™ who wrote (3100)1/29/2001 9:41:30 PM
From: robert b furman  Read Replies (3) of 4583
 
Hi GZ,

I've been waiting for a scary shake but it just doesn't happen.A lot of stocks are very healthy and have had a nice rise.

Perhaps the next up leg is the next obvious sure thing.You know we were due a rally after the election - it fizzled.We were due a rally after good earnings but forward vision for the next 2 qtrs has been BAD. Now maybe we're due a rally after the next rate cut - but it might not be enough.For the short term that is. The "next sure thing "has a track record of not happening.

I read a really good recap of rallies after a second rate cut - often there was a several day lag to sometimes a month. Surely long enough to give us a shake. That's the bad spin.

The good spin is no weakness - perhaps intraday but not day after day weakness.An awful lot of stocks are up but I can't find many breakout leaders.I just don't think that insurance companies are going to be the next market leaders.

That tail of October 98 is still haunting me.I'm finding it hard to get aggressive on the "add to scene" - it is so much easier to buy on the bottom were it is just pleasantly cheap.

Some times I just feel so cheap!ggggg

In between the bottom and confirmation of a rally the NAZ does look like a wound up spring.Charts that show:Hi - Low Logic , Bolton Tremblay,and adv /decl are powerfully persuasive as one of the greatest buy times in years.

I wish I could figure out Snag it - I've got some good TC 2000 charts that show some great divergences and a turn around market in the making.

It would realy be a drag to buy-in and miss the final shake.

I just don't know - I guess It's time for a limited Hail Mary (served on a bed of itchy sell finger). GGGG

Bob
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