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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Peace who wrote (39138)	12/22/2000 5:47:58 PM
From: Trading Machine	Respond to of 42787

Peace, IMHO the Market Makers - GS ML MDW et. al. CU Paul K.

To: Peace who wrote (39138)	12/22/2000 6:46:41 PM
From: adcpres	Respond to of 42787

Peace: I think that today was sparked by there being no real bad news overnight and the economic reports today showing that the economy is slowing and not crashing as some have maintained this past week. As far as the Bloomberg article goes, thanks for the post. I am puzzled where one can infer an impending rate cut by the FED from it. This market so badly wants good news and a rate cut it will rally on any positive spin real or not. That is spooky. Can you imagine how things will be next week without a rate cut? I do not see this as the bottom. More up and down is in our future. Remember the infamous Thanksgiving rally? Many posters started claiming the bottom was in, we went up to 3000+ and back down to NEW LOWS. A few weeks does not make a long term trend. I got tired of posting caution and having some on this thread criticizing me and telling me that "this time it is different" such as the rally after the Supreme Court ruled in favor of Bush for the last time. Many want this so bad to be the bottom they are blinded to the technicals that say this market is in trouble. Sure we will get some bounces but I still maintain the BEAR is alive and well and will not go into hibernation until some companies come out with earnings that beat the revised warnings estimates. Just my cautionary stance. I decided to come out of hiding today but I will go back and watch from the sidelines until the bulls get whipped into capitulation and we have a convincing turn around. I suggest you all pay attention to Stock Operator. He has posted the most consistent and accurate view of the current market since August. Maybe I am biased because I have shared his view 100%. At least he got it right on November 30 when he predicted that prices would go lower BEFORE the rally sparked by Greenspan's speech occurred that took us to 3000 in mid Dec. Believe what you will. The market is going to be volatile. GH