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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: longdong_63 who wrote (51038)4/13/2002 9:06:31 PM
From: Jeff  Read Replies (1) of 99280
 
you are right on bud...

but remember...don't try to over analyze this thing....thats the biggest mistakes traders and investors make....

to put it in simple terms...

" honesty " will bring these markets down.....

thats right....the first warning shots are being fired...IBM, GE and other big boys missing for the first time in years....

why...simple...since enron....they all got the "truth" scared into them now....

honesty will show they aren't worth what they trade at now...

investors now see the truth....they want out.....market goes down....

honesty....

merrill lynch caught red-handed in e-mails how they were pushing self-proclaimed garbage at inflated prices to the public.....

anybody with half a brain knows all the big houses do the same thing...but now....the naive public little mom and pop who believe everything they are told...finally realize they were playing with crooks.....

guess what.... the crap is going to be hitting the fan real fast on the " boyz"....as investors or " sheep" are now onto them....they pull out....

market goes down....

we... as folks in the market daily already knew all this stuff was going on....and accept it...and trade around it....but it takes the general public time to figure these things out.....

but as the news starts getting filled with more big "safe" companies showing weakness from the "truth" bug.....and more merril lynch types get exposed......

little J6P....mom and pops everywhere are going to wake up to the real world of wall street...and not like it one little bit.....

yup....IBM GE...early warning shots are fired.....those who heed the warning...will still have money when this bottoms out much lower.....

those who don't.....will be bagholders....toasted.

IBM broke the september low when dow was 8200....dow is still 10000 plus......a newby trader can figure out that IBM won't be in the 80's when dow is 8200 again.....

that goes for all stocks breaking those sept lows and making new lows at these higher levels.....its all an early warning of things to come....

where i am from....ice fishing is a big winter sport....some of the best times are in the spring when the temps heat up....but the lake is still froze solid....its a great time....but very dangerous....as ice on lakes is always dangerous....

the market is like that ice....very dangerous....and the mood of the bulls is like those nice warm temps....they feel good and want back in as they have been through a long cold winter of 2 years of the bear market....

now the wise ice fisherman knows that eventhough it feels great to get on that ice with the feel good temps....he's wise enough to know to look for the " early " warning signs the ice is melting...

and that warning sign is....the ice starts melting at the shores edges....just before it " consumes" the ice on the entire lake as the " meltdown " soon becomes very rapid after those first early signs....

enron...IBM...GE...merrill lynch.....the " ice is melting at the shore".....and the " wise" know what happens after that.....

everybody has an opinion....and thats mine.
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