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

To: U.B. Green who wrote (6866)	10/27/2000 9:43:18 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Bernie: From one perspective the GDP report was bad. The economy is slowing to fast and indicating a hard landing. So I'm sticking with my plan of selling rallies. I figure this rally can last to election (I really don't think Gore has a chance unless the DOW & NAZ go higher). I'd expect a rally to election. If Bush wins we can rally higher for a few days, if Gore wins we take a breather for market to digest his plans and the makeup of house and senate. IMO Gore is bad for the stock and bond market. Bush's tax cuts can spook the bond market and the stock market will follow. So in either case I don't see too much upside. Maybe 3,500 on NAZ b/4 election. Maybe 3,900 under right conditions. I'm booking profits and reestablishing positions. Same stocks over and over (although some get tossed, like WSTL a month or so ago). The chart has to have a clear bottom or basing period (why I'm not in SNDK but it may have bottomed) So far net gains but the system I use, PnF, is trending and is not good for this type of market with the sudden changes. Tim