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To: Swami who wrote (45922)12/3/2000 11:58:56 AM
From: Lola  Read Replies (1) | Respond to of 62348
 
NG has been crying wolf since january 2000 and in the process missing the march april manic rise.

I agree Swami. Cold and unemotional is good up to a point when trading (especially in boring markets) but "feeling the market" is very important too especially in times of manic rises as was evidenced early this year. NG seemed mostly to be a spectator during that amazing bull run. To feel the market, one has to feel what the general population is feeling. I think that is one hole in NG's strategy, his inability to feel the market.

Lola:)



To: Swami who wrote (45922)12/3/2000 6:20:54 PM
From: seismic_guru  Read Replies (1) | Respond to of 62348
 
<Cold unemotional analysis(Ha!!) tells me the worst is behind us>

Well let me be the first to go out on a limb and state in no uncertain terms the worst is behind us. On a points basis the NAS has been clipped 2610 from its highs, to surpass that it would have to go negative. On a percentage basis, the NAS has been clipped over 50% from its highs, to surpass this it would have to go to into the 1200's (possible yes, but not probable) and not even the super bears have tossed that number out yet.

I do find it kind of interesting to see how all comparisons are with the NAS to Nikkei, anyone have any comparisons of the DOW and Nikkei charts to see how they compare? I agree we are involved in a tech wreck, however the old econ has not rolled over yet. Could you imagine the carnage of DOW 5500?

SG :)