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To: Teresa Lo who wrote (575)10/12/2000 9:24:24 PM
From: TraderAlan  Read Replies (3) | Respond to of 8925
 
T,

Hmm what's that smell? I'd like to see a nice "pass the hot potato" in the world markets overnight. Could set up an exhaustion gap on the US indices tomorrow. If we trade down below 3K and 10K in a big rush, think there will be a nice long side trade there. Full moon and the Dow have an intimate relationship. The SP-500 index is on a 6 year trendline. Also Naz and Naz 100 gave up points very reluctantly today. INTC's relief rally started but couldn't get any companionship.

One problem is Friday. I don't recall good Friday capitulation because no one wants to hold over the weekend. So maybe we set up for a bad weekend and rally on Monday.

I'm not making long term predictions. It just that Naz will unlikely give 3K for a few weeks. And it just ain't the end of the world yet.

Just speculating <g>.

Alan



To: Teresa Lo who wrote (575)10/12/2000 10:57:17 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 8925
 
<What if they never changed the stocks in this average,>

True, could have done the same with the Dow. There, we would have less than 30 stocks as a result, as many stocks from the 1950s and 1960s do not exist any longer.

General Electric still is there. God I love that stock. Pound the daylights out of MSFT, Pound CSCO, GE just hangs in. What an Indicator that stock is.



To: Teresa Lo who wrote (575)10/13/2000 1:45:31 AM
From: Michael Watkins  Read Replies (1) | Respond to of 8925
 
Teresa, you know it. The same charts that hang on the wall of every IA's office.

Typical introductory chit chat with a new client:

I'm glad we will be working together. First off, I know all new investors are worried about risk and market crashes and such things. Lets look at the chart of the 'market'. See that little blip, that's the 1987 crash. And you can barely see the fabled crash from way back, because the market, in the long run always provides returns for the patient investor.


Yeah, Mr/Ms IA doesn't tell you that they pull all the losers out of the indicies on a regular basis. He doesn't show you charts of Laidlaw or Bre*X or twenty dozen failed Dot.Coms or...

LOL