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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (64078)	12/10/2000 1:02:53 PM
From: John Madarasz	Respond to of 99985

In sum, there's a reason why Ringling Brothers has its headquarters in Florida, .... NICK'S PICKS A Decision Point Publication By TraderNick December 9, 2000 Market Overview: decisionpoint.com

To: John Madarasz who wrote (64078)	12/10/2000 1:57:38 PM
From: Jimbo Cobb	Respond to of 99985

Gore is history, as is the market bottom....Shorters will be crushed just like Gore, although it won't be straight up and many stocks will never come back. jajajajajajajaja Jimbo.

To: John Madarasz who wrote (64078)	12/10/2000 1:59:43 PM
From: KymarFye	Respond to of 99985

Giving Gore 50/50 at this point seems way too high, as there are a whole series of uncertain jumps through moving hoops at various heights that he'd still have to make even if the US SC surprises us by not coming down unambiguously on Bush's side. The market's reactions will depend partly on who, partly on how soon, partly on how it all looks, and, over time, partly on whatever real effects. In the short term, a failure to get the whole thing resolved might also make it harder for the Fed to act (presuming CPI and PPI don't override in one direction or the other), but, since I think odds favor Bush/soon/bad/muddled, I'd give the market good chances for a minor very s-t rally deflated by selling-on-the-news, with potentially shifting and volatile perceptions of the real political-economic picture(s) taking over fairly quickly, and chances for a sustained rally increasing. Still, though, for the first time in a long time, I see a number of promising daily or weekly charts in the Nasdaq (well-formed bases, double and triple bottoms, strong recoveries, gaps possibly about to be filled on the upside, etc.), I'm not ready to bet the ranch on them.

To: John Madarasz who wrote (64078)	12/10/2000 10:33:30 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 99985

John, Its amazing how many people are willing to make a bet on the outcome of a judicial system that is flaky at best. And as if it really matters who wins the election. You would think that the friday plunge after hours would scare a few players out just looking at how easily the market could reverse here. But the futures tonight look like the players are lined up at the casino doors. I am sitting out unless the DOW clears 11k and Naz 3500+ at this point. M.

To: John Madarasz who wrote (64078)	12/10/2000 11:07:48 PM
From: Mike M	Read Replies (1) \| Respond to of 99985

Sounds more like wishful thinking. The State Supreme Court was taken to the woodshed for stepping on the Constitution without justifying their actions once already. Halting the vote count seems a pretty clear message that the court expects to reverse the SSC. Regardless, volatility will reign supreme. Probably.

To: John Madarasz who wrote (64078)	12/11/2000 2:00:06 AM
From: DukeCrow	Respond to of 99985

OT I think you are correct that too many people are jumping the gun and declaring Bush the clear victor in the US Supreme Court. If we've learned anything in this whole mess, it is that no one should try to make predictions. It appears the media will never learn. The court could ultimately order re-counts to resume with clear standards in place... and perhaps even extend the Dec. 12th date for naming electors. I believe the only way standards can be put in place statewide is if the circuit court in Tallahassee counts all the votes themselves. Florida law does not allow the courts to dictate how the canvassing boards should determine the intent of the voter (if anyone should be blamed for this it is the Florida legislature, not the courts; the Florida legislature doesn't seem to know how to write clear, unambiguous laws). The only way a unified standard can be enforced is if all the counting is done in one place. More legislating from the bench is not the way to solve this. I don't think the December 12th deadline needs to be extended because it isn't an all-or-nothing deadline. It is simply a safe harbor date which prevents a state's electors from being challenged. If the US Supreme Court orders the recount to continue (with some modifications, of course), it would take a lot of brass for Congress to challenge the Florida electors even if they are certified after December 12th. I think most of the moderate Congressmen would be against challenging the electors, so the challenge wouldn't be able to get very far. Ali