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

To: Box-By-The-Riviera™ who wrote (53989)	6/14/2000 4:52:00 AM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 99985

Does anyone share the sense that control centers around the world in recent weeks/months have been attempting to create islands of value stability...and then in somewhat shared action...a stable equilibrium between these islands.... Instead isn't quite possible we've been set up for a chain reaction if any of the control centers suddenly go off line....(disclaimer: I'm not a bear. Please don't add me to the sentiment index) I was thinking of writing out a kind of history (obviously personal) of the market from last fall until now... in an attempt to answer my own question as to why I haven't been able to find even one decent investment theme (besides the safety of cash i.e. preservation of existing capital)in recent weeks since the valuation question came and went during the nasdaq free-fall....then I thought, if I did that, I might get swept into my own portrait. Somebody out there has the Market's Dorian Gray hidden away.... I'd love to change my mind about that. J

To: Box-By-The-Riviera™ who wrote (53989)	6/14/2000 8:17:00 AM
From: flatsville	Respond to of 99985

Joel-- Re: Russell >>>This is only a "Russell guess," but I instinctively feel we are nearing some kind of an unexpected event, a shocker. It could be some corporation going under, it could be the sudden sinking of a major stocks (another PG?), it could be something from the Fed, it could be an economic number -- frankly, I have no idea what it could be, but a shocker somewhere ahead would not shock me.<<< Aside from the "unexplained" kerblooyee phenomena (embedded systems problems?) in the refining and pipeline sectors that took place in the fourth quarter '99 and first quarter '00, y2k effects appear to have been mild. But I would not be surprised if one or more large corporations had to restate earnings after the end of third quarter '00. Bad software (or bad software remediation) takes a while to work its destructive magic. Just ask Oxford Health. That might be the unexpected shocker which introduces extreme doubt into the equation.

To: Box-By-The-Riviera™ who wrote (53989)	6/14/2000 8:20:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Joel Gander: Thanks for posting that...darn Russell's work just keeps sound more and more familiar. He watches the 50 & 200 SMA. I agree with his assessment. The inverted yield continues and that is a concern as is the 6% discount rate. Today an analyst down-graded the stocks and it immediately broke almost 9 dollars? What is that? What kind of action is that? It's ridiculous. Where is the specialist? Is there any specialist? How can a big, supposedly liquid stock like HWP bust 9 points in a matter of minutes? He must have not read any of Richard Ney's books...<g> Good trading...and remember to "Think like a criminal"! Regards, LG