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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (60641)	10/15/2000 3:11:59 AM
From: tigerman77	Read Replies (1) \| Respond to of 99985

what are the chances of a confirmation of a second bottom after option expire on the 20......is this time span mentioned to far away from a technical standpoint?

To: John Madarasz who wrote (60641)	10/15/2000 3:55:53 PM
From: minorejoy2000	Read Replies (2) \| Respond to of 99985

Just a "rational" question in kight of this: <<Ariba, Inc. (ARBA) is a stock showing a double top with the second top being another double top. Yikes! Having plunged in the recent sell-off, the 200d MA provided edge-of-the-cliff support. Today's market action moved dozens of stocks like this away from the edge of danger. That was the planned purpose of today's rally. (I hope no one thought today was a new bull market!) A breakdown in high-flyers like this has serious implications for aggressive growth funds. Frankly, shareholder redemptions en masse may kill some of the funds that have "Ponzi scheme" attributes. Some of the mutual fund managers with $20 million salaries plus bonuses for gathering more assets will eventually be forced to seek other employment. I just don't know if it's next week or next summer! By the way, they used your money to jack up the markets today in order to protect their jobs. >> My head's been spinning the last, no not two, but three months. That's when I got in. Bear psychology made me (sorry, no one made me--I decided) as a newbie to sell low (I time the market perfectly--when I sell, it's the bottom) and then buy again on their way back up. If I had never sold in panic, I'd be up about 50% or so relatively speaking, from where I am. If I had never panic bought, you could add another few points. I'm not a day trader. My picks have gone up steadily (or unsteadily) for all this time. I'm just not waiting for the crash any more. Tired of waiting. Been waiting for fifteen years. Missed 8,300% in 2 years on Newp because it was overvalued. Anything with a high PE is a fool's game it seems. And as we wait for them to become more realistically valued, and as we blame the manipulators for our lack of understanding and continue to search for a "rational market"...and then we also say we don't fight the trend...and after an irrational market cap has been achieved, contrary to our "smart money opinion", and earnings growth reveal a story only Ray Kurtzweil knew until now...so where's denial? Denial that the bear's upon us. Tech may be dead. But only in a few short visioned companies. The rest of the new century--everything---the economy, productivity, another five years and virtually everything, will be grounded in technology's contributions and our everyday lives as well--through the Internet. Example: Call me a fool. EXTR up 8236% in two years. Didn't they always say it was overvalued? NEWP up 2500% in that time frame. Don't like it? Get out now, while you can. Whether the market is crazy or not is not really the point, is it? The market's a beast and you're here because you think you can predict a thing or two. So what's wrong with a stock that's under accumulation by the funds, has a great TA chart, has great FA as well, and has a RS of 99% or so? No one probably timed this right, but $1k in Nov '98 in EXTR would be $87k now. Let's just keep griping about how EXTR and JNPR and so many others are overpriced and how the market won't correct until they're brought down a few notches at least. I've been reading this stuff ten years now. But I don't really mind it. I have it for lunch every day. It tastes like chicken but it's beginning to smell like bologna.