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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (21843)	11/28/2000 11:49:47 AM
From: KevinMark	Read Replies (2) \| Respond to of 24256

Investor beware....with the markets tanking and the IPO bread and butter money drying up, the institutions have to do something in order to generate revenue. How will they do this? By not buying, creating redemption selling by the mutual funds, scooping up cheap shares and selling them for a profit at the beginning of next year, so they can paint their books on a positive note going into next year. The brokerage firms are NOT putting any money to work, and they know as long as they don't the market has no other choice, but to go down. I find it interesting to see these mutual fund managers on CNBC, are pleading with investors to buy now, because they are on the hot seat, and redemptions will cause them all to lose their jobs. Guess what? Redemption selling is just beginning, and by the end of the week, it will be even worse. Stay nimble, and be quick! Bounce @ 2500, capitulation type V-bottom @ 2200. There will be plenty of opportunities to make $$$$ on the long end too, but you must be quick, and take profits fast. We have entered into another trading channel for the Nasdaq that's between 3200 and 2200 roughly. DO NOT expect a rally over 3200 when we finally do, which will be sometime in the next week or so. The VIX is looking to breakout to the upside, so long investors should be VERY wise about holding any long over night. Keep the faith, we will rally soon, so start making a list, so you can ultimately catch them on the V-bottom bounce. KM