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Strategies & Market Trends : Steve's Channelling Thread

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To: TREND1 who wrote (20027)	7/8/2001 6:52:13 PM
From: James Calladine	Read Replies (1) of 30051

NAZ FUTURES: You haven't seen the Monday morning warnings, yet, Larry! However, there should be a good quantity of "happy days are just around the corner" items from the industry spinmeisters..... I don't think we're heading non-stop to 1850. After all, there are going to be some positives in the earnings, but I think the overall "future" prognosis is going to be devastating, or disappointing, or not provided. I don't think that is going to be very satisfying to those who otherwise might be inclined to "buy on the dips". However, once we hit 1850, the mood of pessimism ("maybe we are going to make a new bottom.....") could take us right down to 1600's again, with not much in between. I think there was more "hope" in the 1600's last time than there will be this time. Anyway, it should be interesting.Presently 85% cash, shortly to be 100% cash once again. Namaste! Jim

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