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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (32832)	9/7/2000 7:43:34 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 50167

Hi, Jerry although I share many of your expectations on market direction I have been hesitant to trade solely on certain expectations...I'm only speaking from my recent(6mos) of such mindsets...I know I'm never far off from the level, I'm just saying this attitude has prevented me from making certain correct trades....and hope to express what, however personal to my experience I wish to express...yes , we are very good stock pickers and market timers here if there is such a thing....I'm saying keep your mind open to ever changing flux...although correct in basic views we hamper our success by such premature judgements....I hope I'm clear enough in my thoughts. As I always fall short in expression. Just the same here are some of my current thoughts: Message 14341133 the good point is: being open we are able to see always occuring opportunities regardless of market direction....the trick is to learn how to take advantage of them at the opportune moment...That is the gift! No matter how fleeting the moment is..... and life goes on and we have another day to do better! no disagreement here...just a desire to do better. JJ

To: Jerry Olson who wrote (32832)	9/7/2000 8:35:13 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 50167

Jerry, The Nasdaq's recent top on 9/1 completes the right side of the topping "M" pattern. It looks very similar to that very clear and perfect "M" in March.....just a little broader. I view this recent market burst past the established trendline as a spike up in a bear trending market, which the Nasdaq has established over the last 7 months..! This suggests the selling pressures are not over for the Nasdaq. If the market retraces off this early Sept peak and breaks 3685.00±, which is the 'v' of the "M", that could easily set the stage for a retest of 3000. If the market moves back up from here and makes a new top above 4259.87 this chart pattern is broken. To early to tell, because early Sept is often strong and peaks about 11-15th. BTW... I called the Nasdaq drop perfectly using this pattern in March and used it's sister formation the "W" when calling the Utilities explosion in March. Also the retest of both middle areas. I'm looking forward to seeing what happens the next few weeks. Cheers..!