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Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (17269)	2/24/2001 2:38:48 PM
From: BigTex	Read Replies (2) \| Respond to of 19297

WOW MAN.... you have turned into a major pessimist... that is the thing that will keep the naz down for 2 years....major pessimism...stocks with good stories will not run because the pessimism is so thick you could cut it with a knife...no movement on the upside with the naz till after april 15(watch the money get drained out of the stock market and going into real estate)...if you are lucky enough and fast enough to keep from being chopped up by the players ....you might scratch a few dollars.... 2001...the gunfight at the OK corral in the stock market... How many get to check into the underground hotel?

To: Jeff who wrote (17269)	2/24/2001 3:55:35 PM
From: BigTex	Respond to of 19297

the nazdaq comp is trading below the 20 day exponential moving average...you have upside to 2460 or thereabouts... its real simple...trading below the 20 day ema...it has to try to touch it...trading above the 20 day ema...it has to try and bust it....it is a simple little rule.... and it never fails....now give me 50 bucks....LOL

To: Jeff who wrote (17269)	2/24/2001 4:23:01 PM
From: BigTex	Respond to of 19297

hey spud...come to think of it... i have never applied that rule to stocks... just always used it trading the naz futures... give it a try on some of your stocks... it might be well worth eyeballing it... be cool.....

To: Jeff who wrote (17269)	2/24/2001 4:33:11 PM
From: BigTex	Read Replies (1) \| Respond to of 19297

ya know.... it looks like it works on your stocks too... see everytime it gets below the 20 day ema...it has to come up and at least touch it,if not go thru it...and everytime it gets above it,it has to come down and try to bust thru it...real simple lesson huh?.... now give me a 100 bucks....LOL askresearch.com

To: Jeff who wrote (17269)	2/25/2001 1:57:48 PM
From: ChrisJP	Respond to of 19297

Thanks Jeff, The first thing I thought when I heard the rate cut prediction was "I don't know who this guy Angell is, but he must owe someone a huge favor to make such a high profile announcement !" Before he came on TV, I think the TICK broke below -1000 at least 3 times. TRIN was at 3 !! Don't think I remember it being that high for a while now. But it was definitely a "meltdown" condition in progress. The plunge protection team (PPT) saves the day again ! Here's an interesting fun fact. The dad of one of my son's friends is kind of annoyed. Not only are his mutual funds down $xx,000 since Sept., he has to pay a nice capital gains tax on them. I said "Yeah so do a lot of people. Where do you think they will get the money from to pay the taxes ..... ? By selling stock of course !!". I told him I thought the S&P 500 could drop another 10% to 20% from here, based on the historical norm for the S&P 500 PE ratio (currently at 21 - 23, historically at 16 - 18). I don't think he liked hearing that. Regards, Chris