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Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?


To: BigTex who wrote (15481)12/17/2000 10:18:41 PM
From: Jeff  Read Replies (2) | Respond to of 19297
 
well......for hahn's prediction to happen......we need something that would spark a rally......

and the only thing would be a fed rate cut tuesday......

doing dd and looking for something positive in this market..i found a few things that might suggest a bullish next few weeks.......

first this chart.......look at the dow transports.....they broke a trendline and are headed down......

stockcharts.com

so what you say......well......when you compare that chart to the nasdaq.....you see that when they fall.....its very bullish for the nasdaq.......

check this chart......its obvious.......

stockcharts.com

tells me we got a good " chance" to rally here......till the first week of jan. anyway.......still no time to hold long......because we know earnings will destroy the market again.....but i figure big money needs room to work also......so they have to give the sheep some candy so they can take it all away again just when the sheep feel good and load up looking for another great run this winter which we know won't happen.......so this next run will aide us bigtime by taking some long quick profits...and then shorting again in jan......roll!!!!!

nows heres another bullish sign on the nasdaq..... if fridays bottom holds......it means it made a higher low.......easy to see using this x and o chart......

stockcharts.com

also......i read an article where greenspan hated al gore......well.....now if he's friendly toward bush.....he might want to help out bush a little sooner than he would have with gore......so that might figure into a cut on tuesday......and since everyone thinks no cut......think the opposite and we might get it......roll!!!!!!

of course thats the only thing that could get us to hahn's 3500......then folks will say well if we rally.....greenspan will be pissed again......but CSCO will take the market back down in jan when they warn......so this run would be short and sweet......

but since it takes 1-year or more for cuts to really take effect.....if greenspan wants to help bush......he needs to start now.......

like i said......i won't be going long long till next fall......longs in this market are a few hours to days......but this next run......whenever it comes.....you better go short when its done......otherwise you will be sitting on the sidelines making nothing for most of next year.....or losing money sitting in dead longs.......

its a traders market till next fall.......period!!!!!!!!

don't forget the short covering's the first week in jan......easy money if you find em.....

plus.....i may not rule out all bb stocks......mm's have so many shares built up from raping stocks that ran from .10 to 5 bucks.......that you just know they will still give em a quick little ride just to get rid of shares and trap more investors......but be happy with doubles and triples and run for the hills......there won't be any 20 and 100 baggers like last year......

regards