Earth Shaker's Salt, Pepper and Most Precious Treasures Message Board

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Strategies & Market Trends : Earth Shaker's Salt, Pepper and Most Precious Treasures

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To: twinsbill who wrote (34)	8/9/1998 10:49:00 PM
From: Walk Softly	Read Replies (2) of 69

TB.... a case could be made for the market bouncing right where it's supposed to... going back to 1994 on a weekly log chart... draw a channel through the highs and the lows.... the low line is now at 8425.... we made a very nice bounce here.... some techs say market is too complacent... I disagree.... market is wiser than ever... current underpinnings are powerful..... the day of instant info is upon us PC and internet.... the market won't respond to historical precedents.... especially with the UAW on its last legs... I'm tired of subsidizing these 100K/year loafers.... cars are 70% labor... thanks to the UAW your caR BE IT DOMESTIC OR FOREIGN cost 50% too much!!!! the only thing not going down in price.... they will be you can count on it... Anyone else tired of artificial price supports so your friendly UAW worker can have 2 residences 3 cars and a monster IRA???? This nonsense if finally coming to an end.... as usual, the UAW slit their own throat...... slowly even car manufacturing is becoming more productive.... we need more $10/hr production workers doing an honest days work.... or working as hard as the average joe has too.... lots of slop still out there in our economy.... therefore as the slop moves its way out of the system the markets will wend there way higher.... I here they're hiring south of the boarder.... good for the long term..... Should mention that tourism is off some 10-12% in HA due to weakness in the far east... especially Japan.... funny how world wide troubles can hit home........ some layoffs were happening there.... Hoorah... the Russel 2000 seems to have reversed strongly... from oversold condititions not seen since 1994 and 1990.... A buying opportunity.... tred gingerly... Ralph Alcamporah provided much needed excuse for the predictable sell off... shall we retest that would be nice.. but since all the techs want it we probably won't get it... and volume has been monster...... I suspect we have found the bottom.... I'm more inclined to buy heavilly corrected (for no apparent reason)items (in strong groups) here like: HAIN USWB AMES WSTF RXSD NBTY or strong groups getting stronger like housing airlines LEN KRB DHI PHM ACAI ALK AWA CAI COMR MAIR MDWY SKYW TWA Special mention for tomorrow: BEAV CBIZ CBS DRI IMAXF NEON PLCM SOFT SOI SRCM TAGS For the risk averse great entry points on SO WEC at current levels Compare SPNSF value to NEON or SEGU.... remember SPNSF core business is mainframe apps.... Y2K & Euro is their door opener..... business is booming..... earnings/revs coming on strong..... I'm hoping the market will be good tomorrow.... Russell should outpreform.... look for Y2K stocks to turn up soon since most of the good ones bettered their eps..... Good Luck ES

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