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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: iowamann, Spam Queen who wrote (5904)	9/21/2000 7:37:37 PM
From: KymarFye	Respond to of 100058

It's not the people "who come home tonight" who matter, IMO, most of them will be happy to hold INTC til kingdom come, I bet, and the lower the INTCs or SUNWs or ORCLs of the world go, the more determined they'll be to hold on until they've gotten their profits back. Something Edwards or Magee wrote about the supreme reluctance of the individual American investor to accept a loss--but who's to say it's wrong, in this instance? I think you have to look instead to the managers who might think things are going a lot lower before they go much higher, and have to think about using pullbacks and rallies to scale out of what they don't want to lose at the (latest) bottom... but I mean, this isn't just INTC--though INTC sure ought to be enough--it's INTC and MSDW just for starters. One to the jaw, one to the midsection... On top of the telecom beating and... and... and... This market is going to start looking very alluring, whatever's left of it...

To: iowamann, Spam Queen who wrote (5904)	9/21/2000 8:23:02 PM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 100058

indexit and Iman - both, yep, think so. Retail investors must be busy ringing their brokers and place their Get-me-out-of-here orders for the morning. Plenty others would ring all the world to borrow shares to short, but there only will be few. So they will run for the putties. Good for my fave equities PCR ratio. We already are high, 21 DMA is at 0.52. Buy signal (if that indicator is correct) will be given when we pass the 0.55 bar and cross that level downward. Very interesting is the indexes PCR, which is coming down . Meaning that bigMo is growing bullish. Both PCR's are diverging, which is a confirmation that we are near a bottom. Reason why I already posted that we should see the mother of all shorts squeezes by soon. How many days and how deep that bottom will be, I don't know. But I have consistently posted that Sep-Oct will be the rally and not the usual meltdown (although the meltdown could happen tomorrow or within a few days). Rally into elections for gawd's sake. For the next days will be the last days institutions will buy a fire sale prices. And finally put the d*** "sidelined money to work". Before selling after the elections, an as good reason as any. Still advocating a bearish end-of-year. Unless retail investors are right, and institutionals wrong with the trend. My fully biased opinion.