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

To: t2 who wrote (18331)	11/21/2000 8:41:40 AM
From: Voltaire	Read Replies (5) \| Respond to of 65232

Well well, after scanning the threads one would think Hoover was still in office and the Dust Bowl was in full swing. The primary reason for the semi-debacle we find ourselves in is nothing more than MISCALCULATION. This miscalculation can be laid first at the feet of the FED. but not near as much so as at the FEET of the HOUSES. Before we were thrown for a loop by the Election variable, Greenspan and Company had assumed and wrongly so that Euphoria would return to the markets as a result of a TYPICAL ELECTION results carried even further along by the FORWARD looking Jan. effect and therefore no move off of their position of VIGILANCE against inflation as opposed to the needed NEUTRAL position. Even worse the Greedy Houses, playing their normal time of the year games began a series of BUYING MOTIVATED DOWNGRADES that have understandably backfired as a result of the Election Crap. Well, after surveying the Landscape of Opportunity and unable to rectify miscalculated actions they simply decided to take advantage of said miscalculation and downgrade REMAINING sectors during this Stagnant Election environment. There is absolutely no reason for worry in here for the same a--hole Houses that downgraded in order to line their pockets will come to the NAZ's rescue BY SIMPLY MAKING ONE MOVE. They may continue to downgrade in certain areas but watch these four stocks, THE BALLAST STOCKS, INTC, MSFT, CSCO, ORCL and on the NYSE IBM. These are the stocks that the Houses will NOW use to place a floor under the NAZ until there is light at the end of the Election tunnel. I say this floor is basically no lower than 2800 on the Naz. Remember, without a Catalyst, the market never moves either way to any degree and on the Downside there is no Catalyst but on the upside one is in sight and it is the conclusion of the Election. Conclusion - Bottom is relatively in and Houses will use BALLAST stocks to prevent further damage. Expect a minimum of a 1000 point gain on the Naz before Jan. 2001. Voltaire