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Pastimes : Trading the markets..... -- Ignore unavailable to you. Want to Upgrade?


To: active22 who wrote (1235)12/4/2000 7:06:22 PM
From: robert b furman  Respond to of 4583
 
Hi 22,

Don't get me wrong here, I'm long and there isn't any thing better than a kick butt BULL MARKET.

These days are providing a wonderful buying opportunity.IMO

I view ALL political crisis as NOISE. I liken it to the huge spike down that occurred when Kennedy was assassinated.

They are flash in the pans,that have no bearing on the overall profitability of American business.American entrepaneurs don't ask the president for business models or profits.

These are depressing discount days for anyone who is long.They must be understood for their value - slow grinding,negative,depressing times that force weak holders to give hope for a brighter future.The time of a bottom is as significant as the volatility of a final shakeout(or series of them). That is why I've been looking for a VIX spike.

The VIX spike hasn't happened yet. It makes me think we've got one more nasty shake yet to occur. It could very well happen after a nice bush election pop. A slight rise up would make a larger decline possible with a marginal new low simultaneously occurring.

THIS IS KEY (and I give Bobby Beara credit for reminding me with his excellent charting skills): During this final shakeout positive divergences MUST DEVELOPE between the stock's price and macd ,stochastics,momentum,and I use TC 2000 so :Time Segmented Volume,BOP and Moneystream must also go up as the price of the stock goes down.

This definitely occurred in Oct 1998. I have done some buying as stocks have gotten cheap and it has been premature - I'm famous for this - ERG . None the less they're great values over time.I don't begin to believe I could achieve a total portfolio in a day - unless I traded the Spoo's and I watch crawl walk before I run in that game.

Afterall - Only GZ is GZ !!!!! <VBG>

If you've added to your portfolio lately - in the long run you'll have done well. JMHO

Hold with Confidence..

Bob