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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (6616)	9/1/2000 6:58:15 PM
From: Chisy	Read Replies (1) \| Respond to of 13094

WAVC I believe closed above the 13 and 50 day MA. Here is a transcript of Don Wolanchuk's Chicago Interview today on TV: (Courtesy of MazChgo on RB) Don Wolanchuk Interview 9/01/00 Don Wolanchuk (Timer Digest's 1999 Market Timer, Gold Timer & Long-term Timer of the Year) interview on today's The Stock Market Observer, a local television stock show in Chicago that he speaks on every Friday at 2:15pm CDT. ( DW= Don Wolanchuk and LM= host Linda Marshall) LM: And we welcome Don Wolanchuk of the Wolanchuk Report. Hello there Don. DW: Linda, how are you? LM: Heading into a holiday and after that it's really summer's over. What will that mean for our markets? DW: Oh, summer's not over, summer is good until late September usually. LM: By the calendar. DW: Yes, but the weather's pretty nice. LM: Ok. How does the market look to you right now, Don? DW: The market looks grand. We got put/call ratios that continue to soar. Short term we have cyclic pressure that should make it sell next week into possibly beginning of the following week. So next, we might see some.... LM: Give back? DW: Yes, some give back possibly into a cycle low and then we should start moving on up again. LM: How strong does the picture look? DW: Well with put/call ratios being fat and everybody constantly battling this tape and the slow process to the upside, this thing has an initial target of 12,200 to get to. That's another 900 points. So we should get there rather rapidly in September sometime I would think. And beyond that it's 16,660. LM: Wow. DW: The small-cap index is measured by the Willshire and the Russell and the S&P 400 and the S&P 600. LM: Right. DW: We have a lot of room on the upside there and the small-cap should really come on strong. The structures of the indexes look extraordinarily positive to me. And we're seeing great accumulations going on in some of our focus stocks that we've been talking about: Valence (VLNC). WaveRider (WAVC). ImageWare (IW) that we discussed around $6 or $7 hit $16 3/8 hit yesterday and that's another stock that looks extraordinarily positive. And MicroVision (MVIS) if it gets through this $43-$44 dollar area this thing is really going to fly. Right now it is trading around $43. We bought that around $17-$18. But Valence (VLNC) continues to act like it finished it's corrective process and it is slowly moving up out of the hole. Even some of these DOW components like GM that we had liked so much around $60 is now $75. And Hewlett Packard (HWP) looks extraordinarily positioned for some great capital gains. DW: This whole market got everybody so defensive and everything looks so Bearish to most people. LM: That wall of worry. DW: In fact, Timer Digest shows only 3 Bulls in the top 10 which is really a rare occurrence. LM: Ok Don, you gave us an outlook for the DOW, what about the NASDAQ? DW: The NASDAQ is going to make new highs and probably double the current price. 10,000 on the NASDAQ is what we have projections for. LM: 10,000? DW: Oh yes. When we were at 1800 and I said we were going to 5000 everybody laughed. This is only a double, that was a triple almost. LM: But what about a time frame for that? DW: Well, time really goes by faster than we like. And you say 6 months, well 6 months comes and goes by so fast these days it's extraordinary. So really the direction is all that's important. LM: Okay. DW: I'd like to pin a time frame on it but it's really an exercise in futility sometimes. But the mother of all Bull Markets continues, unabated, slow, inexorable. An inexorable Bull Market. LM: Okay. For the techs in general, they've taken a real drumming. Do you see a real comeback for them. DW: Well, they've been coming back. The NASDAQ had its greatest August ever on the upside. Did you know that? LM: Yes. DW: Well, that's what happened and that's what you call a great comeback. LM: Some of the leading tech stocks that people have been hurt in, do you think that they're going to.... DW: Well everybody gets hurt in the stock market all the time cause timing is rather essential. So if you buy your stocks and don't worry about them and go away and come back in 10 years, you're in fine shape. LM: LOL. DW: But, if you focus on it day after day, after day, then it gets rather tough on the nerves. Most people have other lives besides watching the stock market every minute.....except me!......LOL. LM: Okay well..... DW: Yeah, I watch it every minute. LOL. LM: Okay Don, listen you have a good holiday weekend and we'll talk to you next week. DW: You too. LM: Don Wolanchuk of the Wolanchuk Report. I'm Linda Marshall.