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

To: Paul Shread who wrote (42457)	2/9/2001 1:55:23 PM
From: dawgfan2000	Read Replies (1) \| Respond to of 42787

While most every index is negative right now, there are two that are positive: the DOW Utilities and.... the SOX! Leading indicator? <gg> finance.yahoo.com

To: Paul Shread who wrote (42457)	2/9/2001 3:18:25 PM
From: JRI	Respond to of 42787

Paul...if we close at these levels or below...I see the real chance of some panic on Monday morn. Anyone long (who bought from 2500 and up)...must be sooo nervous right now.. Piling on top of losses from last year, many have now seen their gains gone from this year...or even worse, they're down....because they've been buying during the last rise... Over the weekend, I think a lot of folks are going to revisit (why am I in tech?)..the party conversation are going to be so negative......Lots of sell orders Monday morn..(and few buyers, IMO)...until traders step in... The beginning of some real fear...don't know if this will snowball into capitulation....but today's buyers' strike is stunning.....no ramp at all this afternoon...none.... My goodness, the Fed has hiked twice....75 BP...and we've got 75/100 coming down the pike AND a tax cut....history tells you "BUY"...everyone knows this history....and, yet, what a lame-o market..unreal....(and we're not even the dead summer yet) Last 2 times we were at 2261-2300, Csco and Sunw (and some others too) were actually higher than today (in the case of Cisco, much higher....clearly, these stocks have not bottomed yet...and we are still 200 pts. above low on Dec. 21st...how valid are those previous lows, I am beginning to wonder....(Normally, wouldn't one be expecting Csco to be trading ABOVE its previous low?) How good could a bounce in these conditions be? Even worse...even if Fed does an intra-meeting cut (don't think they will this time)..but if they do, the market will probably rally a hundred points (Naz), and then promptly sell-off...we are just too far from the earnings turnaround for techs.....egads, what the market do when the Fed cuts lose their effect? I hope we do this capitulation thing soon...real soon (for the sake of the economy, jobs- not just the market......with a capitulation now, that would likely mean 2nd half would be the recovery for the economy, and a bull market)...If keep doing the downward drift- no matter a few up rallies in-between....WITHOUT CAPITULATION...we are just that much further from good (more normal?) times.... Sorry about the rant, but I am a little stunned at how dead the Naz is now....looks horrible...as do the charts....I guess I'll try to buy Monday's low (given a sure CLASS ONE BUY for Sew today), but what will I get for my buy? 20 pts upside? Sick... Since I began, things only getting worse....Barron's is going love this... BTW- Been all cash since 2640 yesterday...