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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (44380)12/29/2000 2:22:39 PM
From: carepedeum2000  Read Replies (2) | Respond to of 57584
 
rande- you can sure tell what a dud day this turned out to be with you having the time to write that detailed a post, the only good thing about today being a dud is now , maybe we wont get slammed tuesday, next big news on the horizon is unemployment report friday, labor pool is key issue and will probably determine whether greenie gives us "early relief" as for today, i closed out all my traders early when it was obvious jp morgan hard landing forecast put the lid on the market, only thing left today is pick up your tax loss boucne candidates cheap, or play amcc into the close as it is being added to sp500, should be a pop at the close
happy new year, looks like this was the "worst market year" in history, but we have still been blessed far more than 90% of the worlds population!!



To: Rande Is who wrote (44380)12/29/2000 2:42:04 PM
From: GREENLAW4-7  Read Replies (2) | Respond to of 57584
 
rande are you negative on CORVIS at this level? My research tells me even with the 300 mil outstanding shares, they have technology that noone can touch. I know how you feel about LPTH , perhaps CORV is another ???



To: Rande Is who wrote (44380)12/29/2000 2:43:11 PM
From: fishweed  Respond to of 57584
 
Rande - Thanks for your take on 2001. . . .may the Angels be with you. . . .God Bless!

fishweed



To: Rande Is who wrote (44380)12/29/2000 2:56:17 PM
From: moufassa7  Respond to of 57584
 
Great post Rande, I will re read several times this weekend to fully understand your thoughts. Happy New Year to all.



To: Rande Is who wrote (44380)12/29/2000 11:22:57 PM
From: MKTBUZZ  Read Replies (1) | Respond to of 57584
 
HAPPY NEW YEAR!!!!!!!

You're the greatest Rande!

MKTBUZZ



To: Rande Is who wrote (44380)12/30/2000 1:34:42 PM
From: zturk  Read Replies (1) | Respond to of 57584
 
Great post. Just happen to stumble on this thread. I like what I see. I will place it on my Favorites and follow it up. I like the no "nonsense" the thread indicates.



To: Rande Is who wrote (44380)12/30/2000 4:08:04 PM
From: Bucky Katt  Respond to of 57584
 
Well said Rande. I think the new year 2001 will bring many opportunities, and I believe many people, after living through the past year, will be much better traders/speculators/investors in the future.
They have paid their tuition to the markets.
The markets are a manifest reflection of the mind-set of the participants.

Understand human nature, and you are 1/2 way there.
Understand human nature, and yourself, and you are there.

Pax vobiscum (Peace be with you)



To: Rande Is who wrote (44380)12/31/2000 12:01:45 AM
From: sandintoes  Respond to of 57584
 
Thank you for a wonderful glimpse into past, present, and future.

And Happy New Year to All....

Message 15102088



To: Rande Is who wrote (44380)12/31/2000 2:16:14 AM
From: Joe Smith  Read Replies (2) | Respond to of 57584
 
As always you surprise me with your eloquence. Nice post. I do have to take issue with your Dec. 21 bottom. Although, that may turn out to be true, this calling of bottoms is getting tedious. It is starting to take on the quality of the stopped clock being right twice a day. But feel free to speculate. Don't let me stop you. Happy New Year. I just don't think that earnings season is going to about upside surprises. I am waiting a couple of weeks to make sure that the cockroaches are all out of the closet before I start any buying. Just about all cash into the new Millennium. What is the hurry.
BTW, I find all of this stuff about this being the worst year in the markets ever kind of funny. A well balanced portfolio barely budged. To compare a drop in a concentrated Index like the NDX to the 1929 crash in the Dow is funny. To look at a total market index like the ^TMW was down just over 10%. Not what I would call a crash.

biz.yahoo.com



To: Rande Is who wrote (44380)1/3/2001 9:52:56 PM
From: Rande Is  Read Replies (5) | Respond to of 57584
 
Important Read: . . . . . . . . My View of January . . . . . . an excerpt from "Looking Into the New Millenium" post from Dec. 29th.

So while I would naturally lean toward a margin liquidation squeeze the first week of January off December holidility, we simply did not get the "set-up". Had we seen strong upward currents as late as yesterday and today, I would have stayed with earlier prediction of a downward week next week. But with all this pressure, I am REVERSING my earlier prediction!!

I now believe that we will go back to the "Burst Effect". If you recall that type of market manipulation, it goes like this. . . .we get sideways or slightly downward movement in the indices, while the highest growth stocks top the Point Leaders boards. Then seemingly out of nowhere, and right when fear is at a peak, to keep the Individual Investors from taking part. . . we get a 200 to 300 point BURST in the Nasdaq. Growth-related Techs go back to being high-fliers, though they fly far lower than in prior years. . . and there is no immediate follow-through.

And because there is no immediate follow-through or sustained rally, Individuals stay on the sidelines waiting for some magical signal to sound that would tell them it is time. Guess what. That signal will not sound. There will be no warning. There will be no immediate follow-through, IMO. But we must consider that historically we have 10 days before a second rally day is considered a follow-through rally. It doesn't even need to be in the same week!

So while we move sideways and lower as the earnings are released, I believe we will come to certain "key" days, where a Yahoo or a Ciena type will blow away the street and cause a VERY brisk BURST rally. The sad part about burst rallies is that the rally part occurs overnight, meaning there is no "jumping in".

My prediction for January is that the top 5 trading gain days on the Nasdaq for the month will account for 90% of the monthly advance. I believe we will end January over 2800, perhaps even 3000. However, it will be 1 step back, 2 steps back, 1 step back, 1 step back, 7 steps forward, 3 steps back, 1 step back, 1 step back, 5 steps forward.

So the going will seem to be sideways, but if you pull back your view of the Naz chart. . . further. . .try 60 or even 120 min. . . . that's better. . . . and analyze from December 21, the rally will become more evident.


Rande Is



To: Rande Is who wrote (44380)2/3/2001 11:14:33 AM
From: Rande Is  Read Replies (3) | Respond to of 57584
 
Now that I've thrown that ball up in the air, some of us may need to re-learn how to catch. I don't propose that we take time here to discuss learning. There is a time and a place . . . and very soon we will see both. But for those needing to act swiftly, I'll make a rare recommendation.

Just as Mark Konrad [how we missed him!] has an incredible knack for spotting the hot LONG swing trades, Velociraptor [on Sharck's board], in my opinion, has a similar knack for spotting the hot SHORT-SELL swing trades. But the key difference is that he is NOT a Short-Selling Basher, like many we have seen here on SI, who run from board to board slamming this or that company officer and casting doubt and fear to all longs, to further his own positions. Rather he is a scholarly, creative and savvy gentleman that works overtime looking for an edge to make his short-sell trades as good as they can be. Plain and simple.

Now you guys know my feelings on this issue all too well. And as some of you know, I've searched long and hard to find a group of talented short-sellers who focused on their TRADES, rather than getting caught up in the hype of promoting their positions. I have reviewed literally many thousands of posts by hundreds of short-sellers. . . hoping to find such qualities. And I am happy to report that fellow-Nashvillian, Velociraptor, on Sharck's Soup has the right stuff.

Sharck is also an excellent short-selling board leader who attracts a smart audience by focusing on the trades, rather than the hype. And if it were not for his ability to run a good clean short-sell board, I doubt so many SERIOUS traders would have gravitated there. I am hoping that Sharck and Velociraptor will one day write a primer for some of our newbie readers on what it takes to set yourself up to begin short-selling. And how to make winning trades. I am certain there are many here who would be interested in such a work.

Well, that was a lot of words. . . .and despite such a sunny [tho' cold] day, I've seen my shadow. . . and it is time to go back into my hole where I do my programming.

Best wishes all. . .

Rande Is