Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: bigbuk who wrote (71668)	6/3/2001 8:02:26 PM
From: westpacific	Read Replies (1) of 122087

Thanks bigbuk - pretty much right on the money as I thought! Right now we are in a tricky time. What I see is that we are on a fence. The VIX alerted a small turn last week from the rally and acted accordingly. However on Friday the big money was able to turn the VIX back to a bullish call - however we could not hold 11,000 nor 2150! So right now we have many analysts in a push/pull mode, bear/bull camp. The market should move higher into the summer. We do need to complete a wave 5 cycle - to maybe 3000 on the NAS and a new high on DOW could hit 13000 IMO. But we are in a position were a one day event could implode this market on that way up. This is the risk this market will present for the remainder of the year. Daytrade longs is my strategy with limited but some overnight and swing longs. Earnings warnings and lies from the talking heads will be what dictates market direction in the upcoming slow six months for the markets. And of course Uncle Al still has a little powder left in his cannon if he needs to shoot his load. It will be a traders market with select stocks and sectors - playing aggressive swing trades both long and short. One has to hedge to get ahead this year. At the top will come the mother of all short opps. - the bear will be called dead, bubble 2 will be in full effect and nobody will see the implosion coming. Derivates at $100Trillion, massive real estate and debt bubble, new prime minister in Japan, massive overvaluation on historical means throughout the market. NO ONE is willing to accept the truth. So be nimble and be focused on major risk management for the remainder of this year. This means do not get greedy, do not overtrade and get ready to short the massive top to come. However - the risk is still the one day event, that could occur at any point this year. I will be in major risk mode myself and not out for the big kill from here forward. The massive liquidity the FED is willing to gamble with, they are printing to the tune of $25B a week will reinflate the bubble. This will prolong the down cycle I spoke of a few months ago - but that is just prolong. I stick by my numbers. 5800 to 7000 DOW, 600 to 900 NAS, 550 to 700 S&P. 2002 to 2004 will be very nasty for the longs. All the best. West

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