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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (6075)	10/11/2000 6:26:16 AM
From: Bocor	Read Replies (1) \| Respond to of 30051

>>The lack of fear is what worries me. I thought we had enough with that -1200 on the Naz tic, but few more things, apparently, must fall in place. Maybe Friday the thirteenth will clean the slate if enough people are inclined to fear that combination (VBG).>> I agree with you on that point, but may I just interject the thought that perhaps investors are just smarter than they have been in the past? I am not hearing about huge margin calls like in April or last October, and I know that I, for one, am in substantially better shape than I was in April. Instead of getting margin calls, I am now 50% still in cash, although doing some buying lately. Yes, the margin players are getting hurt, as are some of the LTBH investors. Yet information is readily available at the click of a mouse that was never available before. If you examined INTC earnings, and their position to AMD, their warning was not a surprise, nor was this most recent of many from LU. Anyone speculating in a stock like JNPR or HAND better expect a 50% trim any day, and shouldn't complain when it comes. Might this be different than all other times, and the market will continue down ad infinitum? Maybe, but history is on the side of a bounce. The election year stats are overwhelmingly in favor of a bounce, and soon!

To: Zeev Hed who wrote (6075)	10/11/2000 8:03:20 AM
From: Bosco	Respond to of 30051

Hi morning Zeev & all - maybe today is a good day for capitulation! LU warned [well, what did people expect?!] ANALyts tried to shoot down YHOO even before the CC. MOT is a mixed bag. Hard to imagine the street can muster a fake rally at the open. Margin selling should quicken the pace too best, Bosco

To: Zeev Hed who wrote (6075)	10/11/2000 8:12:47 AM
From: SBHX	Read Replies (1) \| Respond to of 30051

Zeev, Perhaps instead of outright panic, so far, it's 'controlled' panic for people like me. :( edit: btw, I think your 3100 for nasd will be breached today. At what point do we know that this is not a bottom and much further decline is ahead? Though today's fall might bring the panic out in the open --- the futures look really bleak, ssti after market is down another $1, so if anything will scare people this is it. If I have to get out, I'll wait for a good reentry on ssti today, but even I (vbg) don't have unlimited cash to buy all the ssti if it continues to go down, and having to SL too often just takes the fun out of it. The lack of fear is what worries me. - be afraid, be very afraid - SbH