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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Nick who wrote (32250)3/2/2001 9:07:44 AM
From: Voltaire  Read Replies (8) of 65232
 
Morning gang,

WELL, IT IS HERE.

As I said last week, there will be a tremendous change in PSYCHOLOGY around the first of March.

DO NOT BELIEVE WHAT YOU ARE SEEING BY THE HOUSES THIS MORNING. For the first time in a long time The Houses are back in control. They have been dealing from a position of fear for the last several months, that is no longer the case. I have always said that as long as everything is equal with the Fed. ( that they care as much about GROWTH in the economy as INFLATION ) the houses are in control. Well as many of you have seen, that has not been the case with the Fed. and therefore the houses were scared themselves. THAT IS NO LONGER THE CASE and it changed yesterday afternoon.

The Houses are back to their old games of EXACERBATING an obvious situation ( ORCL ). They will drive the markets down on the open an take the last few shares that the retail investor is scared out of and then we recover and start that gradual climb back to 3000 on Naz.

With what little money I have left I will buy CMRC on the open and flip it this afternoon. Welcome back to a mild positive change to the markets.

IT IS ALL BASICALLY OVER FOLKS.

Voltaire
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