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To: Trading Machine who wrote (7014)	10/15/1999 12:52:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

TM/TB: you'll get a hammer or doji on CSC? >This market was on the way down very nicely thank you, IMHO he didn't need to whack it again... but he did, Paul - whacked it real good! OK, you're entitled to whine today (I did my whine the other day) now let's get our arses outta this damn penalty box (^_^) RE: "forget F/A" bollocks! F/A is more important now... Like the old Jewish metal traders used to tell me, "when the prices go down, Steve (backwardation) you sell the scrap that has 88% yield and start using more prime ingot at 98% yield". hell, I don't know if that'll make any sense to you {grin} but, the smart money will steal the BigBoy "candy" away from weaker hands all the way down. -Steve

To: Trading Machine who wrote (7014)	10/17/1999 4:20:00 AM
From: Berney	Read Replies (3) \| Respond to of 11051

TM, Re: The Big Boyz Just finished my weekend homework. The Index is now up a huge 1.5% for the year. The Big Boyz continue to beat the Index, but are only up 3.2%. Even in the Big Boyz, it seems to be a case of the Have's and Have Not's. 28 of the 65 Big Boyz are negative YTD, while 15 (23%) are still holding onto returns greater than 20%. Again, the Big Boyz represent 45% of all the equity in this country, and 43% are negative YTD. Two weeks ago, the BASIC indicator reflected 16 Buys and 49 Sells, as of Friday we are at 17 Buys and 48 sells. The BAMBI indicator deteriorated significantly. At 10/1, we had 20 on Buy signals and 45 on Sell signals; whereas, we now have only 7 on Buy signals and 58 on Sell signals. The only good news is that we can not get much worse. More than two thirds of the Big Boyz now reflect a negative investment performance since 4/30. As our investment results testify, this has been a really difficult period. The good news is that this garbage market will probably only last another couple of months. I do expect that we will end the year flat to down as much as 5%. This projects the Index at 1168-1229 at 12/31. Where we go between here and there, I do not have a clue! I still believe that Tuesday is going to be the really important date. With an incredible 6.6% decline for the Index last week, Tuesday will let us know if the mutual fund holders are going to throw in the towel (their Monday orders will be reflected Tuesday). If they are throwing in the towel, and the CPI is perceived as negative, it is going to be a difficult day. Just A View from the Swamp, with a continued happiness that the Phleet is in Port, especially after that really stupid entry point on "the softer side." TB