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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (16343)	10/9/2000 5:35:21 PM
From: XenaLives	Respond to of 24256

On such low volume, is a "draw" a bad thing? Is there anybody who can quantify the effect of the co-incidence of Columbus Day and a Jewish holiday on the market?

To: Smart_Money who wrote (16343)	10/9/2000 5:36:04 PM
From: CrayUSA	Read Replies (1) \| Respond to of 24256

STEC--Recent IPO...Look for significant upside over the next week or 2. Also, COSN looks good down here. AVCI had a nice bounce off it's low today. INRG is a very good stock but may need a bit more consolidation,, watching closely. STLW down to around it's post IPO lows when it bounced and ran to high 40's. Finally, looking for a bit of a turnaround in the NAZ this week. I think after the 23rd we are going strong again. Cray

To: Smart_Money who wrote (16343)	10/9/2000 6:22:54 PM
From: johnsto1	Read Replies (1) \| Respond to of 24256

Notice how the market did not close positive. Kinda strange given the way it was trading. That was because the traders are getting smart. Today showed the underestimated and under appreciated strength of daytraders. They saw the steaks sitting there that the Fatties were saving for tomorrow and they grabbed them,ate the best part,and put them back. Now the fatties got a choice to A.)eat the grizzle we left their fat a$$, B.)put some new steaks on the burner or C.)throw the barbecue away for a few days and plan a new picnic. I think they'll try to do C but will be forced to do B. j1

To: Smart_Money who wrote (16343)	10/10/2000 1:09:46 AM
From: SirRealist	Read Replies (1) \| Respond to of 24256

I'm trying to get a chart online SmartMo, that will illustrate what's happening to NASDy. In essence, Uncle Algae & his Federal Fandancers have achieved Objective #1. They have slowed the economy. This has resulted in setting NASDy back one growth track; essentially the same one it was in as of last October, before any bubble afflicted it. In one sense, this is a good thing as it may permit NASDy a sustainable growth rate. But there's two downsides: a disappointing Fall run is the nearest. The other is if Uncle Algae's overdone the slowdown, we'll fall back even further by June. The nearest term drawback that I was warning about all day, is this ugly week-to-be. But its saving grace should be a nice rally at the end. I may stick around little the next two days, trying to DD the plays that'll bounce furthest fastest. Because, imo, maxing out every rally is the only way to reap a proper harvest from an uninspiring Fall. There's likely money to be made tomorrow, mind you. At 3355, we could drop 122 points without breaking Monday's low, and 128 points without breaking April's low. As you know, this means Wednesday may be mild till the last hour or two. My guess is a worse Thursday though. That's the one to skip completely. I plan to position for the bottom on Thursday, and my estimates suggest it will occur near 2875. If we bounce before there, there remains the lingering probability that any rally will be short-lived; persoinally, I'd prefer getting this one outa the way.