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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: cyberian-husky who wrote (26643)12/21/2000 10:10:21 AM
From: TimeToMakeTheInvs  Respond to of 65232
 
err, ahem... isn't that 180 degrees? <G> Good morning, looking for some angels myself! tim



To: cyberian-husky who wrote (26643)12/21/2000 10:46:24 AM
From: Nick  Respond to of 65232
 
Ditto, Jim.

We can't be too far from the bottom.



To: cyberian-husky who wrote (26643)12/21/2000 11:29:30 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
HuskyMan, I hear what you say, truly do
I see this past two weeks as a 2nd of a 3-wave decline
the 2nd wave grabs the attention of everyone
it has a very large downleg
it convinces John & Jill QPublic of its reality

but you misinterpret my messages
I expect a mini-recession in evidence by spring
it will not come & go ovenight, naive to think that
it will extend into the autumn for certain in my view

so next I expect a counter-trend rally into January
it will be marked by short covering
longs will join, claiming the "bottom" has been seen
the short covering will be dominated by hedge funds
they will wait until Jan and the new tax year
but the rally will be weak, brief, with NO conviction

then comes the final blowoff 3rd downleg climax
I expect Naz 2000 will be challenged
perhaps a Naz low here of 2300
and a rally toward 2600, maybe 2700
by this time fundamentals will show more deterioration
the economy and corporate profits
I expect canceled orders left & right
I expect more waves of earnings warnings
these are not one-time events

after a counter-trend rally, Naz 2000 target
maybe an overshoot to 1900

Husky, lighten up, put your knife away
wake up to my epiphany, which is hard for you to understand

I have changed from viewing this decline as a counter bull trend correction
they are marked by two downlegs, and the 2nd one is done here

I have become convinced this is a bear trend
they are marked by three downlegs
we just saw the 2nd painful leg

now comes a counter bear trend relief reflex rally
it has a limited upside
THEN SHORT THE PISS OUT OF IT, NAZ GOING TO 1900-2000 NEXT

give your abuse a break
try using your brain, using your ears, and listen for a change

you mock well, try listening well
sincerely, AHole
/ Jim