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Pastimes : Tech Clowns Only...No doom and gloom -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (41)	1/19/2001 1:13:46 AM
From: GRANOLA	Read Replies (2) \| Respond to of 241

oh donnie, my sweet, sweet friend...you have finally lost it...oh well, i love you anyway :) i guess there is at least a little 'crazy' in all of us :) cheers, GRANOLA xoxo p.s. you ARE still trading with monopoly money rather than the real stuff, right? afterall, that's only fitting considering that your stock picker is your dog...

To: Venkie who wrote (41)	1/19/2001 1:13:48 AM
From: Sully-	Read Replies (1) \| Respond to of 241

YHOOOOOOOOOOOOOO ;-) Stolen stuff....... Larry is quite BULLISH.... Optionstrategist--Lawrence McMillan, 1/19/01... optionstrategist.com -------------------------------------------------------------------------------------------------------------- Rearranged for emphasis & ease of reading. >>>For Friday, January 19th, 2001 Stock Market We have been saying for a couple of weeks now that the market has bottomed at least for the intermediate term. The "clues" that led us to this conclusion were threefold: 1) bullish signals from our sentiment indicators, 2) an historic and bullish reading from market breadth, and 3) a decline in volatility. The sentiment indicators of which we speak are the equity-only put-call ratios. ... So many people were bearish that they had bought puts in volume and dollars at rates rarely ever seen before. ... Usually, when so many people concur, their opinion is wrong. ... Therefore, their near- unanimous bearishness led us (and other contrarians) to a buy signal. The put-call ratio is trending downward after having peaked in late December. This is a bullish formation. ......................................................... Market breadth continues to be very strong. In the past, when breadth has been this strong (only 5 previous times in the last thirty years), the market has rallied nicely in the months immediately following such positive breadth readings. At this time, breadth shows no signs of abating rather, it has even expanded more on some recent days. Therefore, this indicator remains bullish. .......................................................... Finally, of the three indicators that were mentioned above, volatility is the least bullish. It refuses to drop significantly, and that is somewhat disconcerting. In a normal bullish environment: ... volatility would decrease as the market moved higher. ...That has been happening, but only to a limited extent, in this current rally. .......................................................... Continue to stay long "the market." In addition, the put-call ratios on some of the big-name tech stocks (Compaq, Dell, IBM, Microsoft) have recently generated buy signals as well.<<< .....compliments of Disu Ö¿Ö