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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (10185)10/28/2000 6:37:28 PM
From: elpolvo  Read Replies (2) | Respond to of 65232
 
seamus-

word for you today:

pessimist

you go short.

i go long.

first one to win wins.

-o'polvo



To: Jim Willie CB who wrote (10185)10/29/2000 12:18:28 AM
From: dwayanu  Respond to of 65232
 
Hey JW:

gloomy outlook makes too much sense

Not gloomy in my mind. I'm bullish, and a climax low sure beats this ugly erosion of the last two months, and the runs at Naz 3000 each of these last three weeks.

I plan to lighten up my current load Monday, expecting another one or two runs at 3000 this week, and figure that 3000 support will give us at least one more modest bounce attempt. But we've been bouncing up each of the last three weeks, so another one this week is just more of the same IMO. Though I do have to admit, we're running out of tech sectors to whack.

I don't see your positive indicators, neither relative strength nor uptrend nor higher lows. Close Monday above 3450 and I'll certainly change my tune (and eat my hat).

Need some resolution, and personally I just don't see a 'stealth bottom' happening.

- Dway

For the paranoid among us, figuring that the Houses want Bush, and a rotten market helps Bush, then the Houses would like the market to stay ugly until the election, get some of those tech-investing liberal-pinko Democrats to switch. Remember that anger leads to hate, and hate leads to the Dark Side. Listen to Bush (George Jr, not Barbara) this week, see if he starts mentioning the tech market and how he's going to save it.



To: Jim Willie CB who wrote (10185)10/29/2000 9:50:48 AM
From: im a survivor  Respond to of 65232
 
I think one of the hardest things to decipher is there is always two sides to every coin. As you peruse the threads, ready the finacial journals and basically just doo your DD to try and get a feel for what this market will do and which way it will go, you see both sides of that coin I mentioned. The problem is, I see excellent analysis backing up both sides of the coin. I mean there are alot of very, very good points being thrown out the last couple weeks, and especially, the last few days.

It's a tough market to figure and it is wearing me out trying to do just that. Sure as hell dont want to bail and miss a big end of year rally, but sure as hell dont want to watch more funds just dwindle away. I feel damned if I do and damned if I dont.....

me....the whinny one