To: James Strauss who wrote (35097 ) 11/12/2000 11:45:37 AM From: Jerry Olson Read Replies (2) | Respond to of 50167 Morning Jim, IKe and all... Markets are tearing people apart here week after week... while people are continuously trying to call a bottom???, it has not occurred...not by a long shot... i have been daytrading, with no thoughts of investing here..i will not place one cent into these markets under the current senario... what senario???...well obviously there's a major slowing of this economy and world wide economies are suffering as well...with OIL still above $30, and empl and wages still very tight... after a stellar last 2-3 years of uncontested growth...we are moving into a bear market time frame that has no clear cut end as yet...it will end...but who knows where and when... there is no way these corp's can beat last years numbers...not a chance...Y-O-Y, and now sequentially Quarter over Quarter will be less than anticipated till the cycle plays out here and the FED intervenes...it won't happen for months...the street is currently discounting this shortfall of pe,s and slow growth... I was very surprised at the last GDP # at 2.7%..it plunged very quickly down from 5.6%...can it go lower???, that would be very negative to the markets going forward... i see nothing on the immediate horizon that makes me want to dive in with both barrels... i looked at the DOW-NAZ-NDX-SOX-QQQ etc etc... we are going lower first, and we should continue to sell all rallies... DOW DOWNSIDE TARGETS ARE 10,300 FIRST THEN A TEST OF THE LOWS AT 9700.. NAZ--AT CRITICAL SUPPORT BACK TO APRIL LOWS, MY DOWNSIDE TARGET IS 2450..THE 200 SMA ON THE WEEKLY CHART... NDX--ALREADY CRACKED THE HARD SUPPORT AT 3000, 2600 IS NEXT... so all in all....while people continue to buy these rallies they are now underwater once again...selling at the lows...losing more money every week... i have been busy daytrading for 3-4 months now...it's been a godsend to me and others....while i do not suggest it's for everyone...at least we all sleep at night being in cash at the end of the day..it's truly calming work... if one takes a small portion of their investing capital, 10-20%, and tries to re capture lost funds, doing this, it makes all the sense in the world to give a try..what the hell??? start slowly, trading 100-500 share lots, and scalp and play hit and run each day to make a living, and to replenish your major losses this year...you cannot afford to just do nothing... and if it doesn't work??? then so be it...if you can't do it..ok, nothing ventured nothing gained... i have suggested to many cyber friends that have e-mailed me or pm'd me, about these devistating losses..to sell all those dogs, and raise cash...use a portion of it to trade the markets for a living...what the heck folks... it's really not that hard...trade the stocks you know and understand....there are many excellent sources to help you, if you chose to try this... anyway..it works for me and many many others...and i am not trying to promote my real time room..go use anyone thats worth while...or do it your self, after taking some classes, or attending a good seminar...you cannot afford to take these losses any longer...it's crazy... well i've said enough.. i wish everyone well who post and lurk on this wonderful thread...i said to Ike many moons ago, this "Market does not feel the same to me"...well the proof is in the pudding... best regards to you all, and please watch your money... OJ