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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (40328)	2/15/2000 8:38:00 AM
From: dennis michael patterson	Read Replies (2) \| Respond to of 99985

I bought Csco because it is the networking gorilla. And I read Ibexx-- VERY smart lady. I'm like Ronald Reagan: I am not the smartest person in the room, but I know who is!

To: Gersh Avery who wrote (40328)	2/15/2000 10:10:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Gersh, Surprisingly, it appears that the 3-DAY pattern for the NAZ/NDX may be working. edit - Keep in mind that the NAZ/NDX should be down near 75 points intraday to qualify for the 3-DAY PATTERN, so it could close positive today and still qualify for the pattern. I would not be surprise if we saw a bounce start today for the NAZ in light of this being expiration week. I also updated the INDEX UPDATE at our site. seeya

To: Gersh Avery who wrote (40328)	2/15/2000 6:48:00 PM
From: pater tenebrarum	Respond to of 99985

Gersh, i believe your point about people's lack of concern when faced with large swings in the market is an excellent one. the market has acquired an aura of invincibility after having weathered a great many storms, and complacency has increased along with that. the rise in margin debt reflects many things...one is that liquidity MUST be drying up somewhat, as more and more margin and the proceeds from selling 'boring' stocks are needed to move the market, and two, it is an expression of aforementioned complacency. i didn't know about the NAZ specialists holding requirements, but it adds yet another facet to the tapestry. people don't believe it now, but one day things WILL go wrong, the dip won't be bought, and the pyramid scheme will come to a screeching halt. i have pointed out that U.S. corporations are involved in a form of zaitechu many times on this thread. but recent earnings reports have made this more obvious than ever...now it's not only the transfers from pension fund surpluses to the bottom line, now it's in fact outright speculation in the market. and, just like in Japan as the boom came to a close, all one hears are rationalizations ('no price is too high for Cisco' said an analyst on CNBC a few days ago...it's not even on the level of rationalization anymore, but simply assertion, as if an immutable truth were pronounced) and, quite simply, propaganda. this is a financial mania at it's zenith...where dart-throwing monkeys and wired plants have become legitimate financial advisors. it's not going to end peacefully, and it will find it's place in the history books as a warning for future generations once it ends, and they will of course ignore the warning just as the current generation is ignoring the lessons of the past. regards, hb