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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (5816)	2/24/2001 12:35:46 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

this parabolic in techs dwarfs the oil service stock mania of 97 bobby, But 'this time its different' - seems like only yesterday that was the sound echoing down the street. Well, apparently not. Semi's are still cyclical; the internet will turn out to be cyclical; telecommunications are cyclical; grains; booze; well, you know. Given the tendency of parabolic runs to end they way they do, I think it easily possible that everything heads a lot lower and given how everything has been falling into place - with the NYSE stocks falling apart here as well - it surprises me that the remaining 'investor survivors' are as complacent as they seem. I hope the Fed doesn't announce a surprise rate cut on Monday morning and spoil my long trade, as it seems more likely that each new cut is taken as further admission that things are out of control. I still think VIX at 70 will mark the end of the decline... one day. But that's just a guess and not something tradable!