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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (5150)	10/3/2000 7:37:06 AM
From: Clappy	Read Replies (1) \| Respond to of 65232

Hi Jmac, Many say that a selling climax would be required before we can begin the next bull run. The question would be, "Will it happen during this dip or the next?" A small 60 point drop to 3500 would not constitute a selling climax with panic in the air. Hovever, an intraday sell off of over 150-200 points that rebounded and finished above your 3520 mark, could represent a selling climax. I don't think that will happen today. That would be a lot of action in one day. Especially on a day where the Fed Reserve meets. Ususally on those days, there is low volume and a lot of wafting up and down. At some point we get their announcement this afternoon. I'm guessing that the relief of their announcement to do nothing, will allow the market to rise. Followed tomorrow with Buy recommendations, by the houses, on a whole array of Naz/ S&P/ Dow leaders. This may propel us for a week or two and the churning and grinding continues as earnings begin to be released... If earnings turn out well (somehow) it could possibly lead us to a higher high then the one in September. Now that would be a bullish signal... I'm looking for another bubble to ride. Also looking for a bounce in INTC and AAPL. I don't think we will crap out today. -ClapOff

To: jmac who wrote (5150)	10/3/2000 8:01:31 AM
From: Voltaire	Read Replies (8) \| Respond to of 65232

I am still fascinated how much attention is given to things like v bottoms, xyz tops, bolinger bands, resistance, support, distribution, divergence, pe's, sector rotation, etc. There are only two things that mean a damn thing in todays markets, one is the direction the Fed decides to go in and two, what the Houses decide to do with such info. I have said it a thousand times and I still do not get tired of it. One day people are going to finally get it - THE HOUSES CONTROL THE MOVEMENT OF THE MARKETS And they deal in TIME CAPSULES. The Time Capsule we are now in is a earnings warning one. We move into the earnings reporting capsule in about another week. People need to buy in here to get ready for the move by the Houses to 5000 on the Naz before Jan It is not any more complicated than that. Now everyone just relax and watch what plays out right before your eyes. IF WE DO NOT GET TO 4800 to 5000 by Jan. I WILL NEVER BOTHER ANYONE WITH ANOTHER PREDICTION AGAIN. Voltaire