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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Gary105 who wrote (48199)8/11/2000 5:59:14 AM
From: robert b furman  Read Replies (1) | Respond to of 94695
 
Hi Gary,

I didn't like the weak response the market gave to AMAT's great earnings and rosey outlook for the future.

The naz is sick and like previous post maybe a good purge would make it tummy feel better.

I see some serious puging going on in selected stocks.When the generals show some capitulation and we get a vix spike into the 50-60,a safer buying point will have been reached.

At this point in time,I'm keeping my powder dry and waiting to see some serious fear develope.

I think Stains has called it right so far.

TC2000 has called most semi-equip stocks as good short candidates - with close stop losses. I think they are right.

I'm not nimble enough to trade likem that - but I would like to initiate some lo-ball longterm accumulation when/if the volatility spike says its time to steal-em.

There's been a lot of carnage out there but no blood in the streets. Just selected gut piles in the gutter.

Bob



To: Gary105 who wrote (48199)8/11/2000 5:35:27 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 94695
 
what worry? who's worried? AAII bears fell to 11% this week...only 1% away from a fresh all time low.
admittedly the data on sentiment are mixed overall...but extremely low AAII bears readings have persisted for six weeks in a row now, and that strikes me as remarkable...

otherwise the market looks bullish to me...at least the non-tech sectors mostly do. i'm a bit worried though because no-one else seems to be. the hype is generally concentrating on painting a picture of perfection...if i got a penny for every time i heard the phrase 'soft landing' over the past four weeks, i'd probably retire.

no-one mentions that the combination of an inverted yield curve, and the biggest private sector debt mountain in human history are a combination that makes a soft landing a highly unlikely outcome....

regards,

hb