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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (11302)	3/11/2001 1:23:59 PM
From: GREENLAW4-7	Read Replies (1) \| Respond to of 37746

V I read an interesting article by a technician called IGOR LIVSHIN. H e wrote back in early Feb. that the NASD bear of 73 is extremely simialr to the current bear. He drew a price channel from 95-01, and itcame up with a price of 3750, but the channel was 3500-4000. What I found most interesting is he called for the nasd to have another leg down when it was at 2800, and he based this in the 73 chart. If this is any guide and it should be, we could be in for a nice 50% rally from here. I found the article on STOCKCHARTS.COM just punch IGOR in the search box, it will take you to the article! Good luck BEARS!

To: velociraptor_ who wrote (11302)	3/11/2001 1:42:56 PM
From: Paul A	Read Replies (1) \| Respond to of 37746

Velo- whats even more interesting is people are living life like theres no tomorrow.. Im a control freak, so I have every bill figured out months before I see them, wether its gas for my heating or car, electric, food.. and Im a bit on the extreme side (I have negative balances on the credit card, no joke...) and I wont even take out a car loan.. but on the other hand, my brother is working for a .com (lucky he still has his job) and yet, despite 6 figure salary and insane bonuses, he has credit card debt that would take years to pay off.. he constantly draws on his 401k money, cant save a dime, and was only able to put down a few thousand on his new 50k car.. Then of course my coworker- who makes nearly 100k, he hubbie makes about that as well, and they only could find 10k to put on a downpayment because they dine out each eveving, drive new cars, etc etc.. I believe the 10k was the allowable deduction for first time home buyers from your IRA savings.. This is what REALLY scares me.. because our generation has really no understanding of money.. I remember going grocery shopping with my mom and if I was able to actually get a name brand soda like Coke or Pepsi, it meant she had extra cash.. but typically we had to settle for the 'Foodtown SoDa' which was .05 a can.. My father was a chemical engineer, and made decent money- but im sure you all remember growing up in the 70s.. A house was THE purchase, and it was a struggle to make that payment each month.. and as we grew older and the savings piled up and the years of budgeting paid off- he now has a nest egg, can enjoy his retirement, and can splurge every so often on a nice bottle of wine or a dine-out. When/If people have to honestly cut back.. change their lifestyles.. what will happen? I still have people swearing to me that their fund managers are profesionals and they arnt losing much in the 401ks etc etc.. problem is, most of these people dont even understand how to READ the statements.. they just follow the herd.. Buy and hold.. if under 40? go all aggressive.. Dont worry! it will work out to a 15%-20% almost guaranteed.. boy.. someone put a dime in me this weekend thats for sure.. Ill go back to sleep now and get plenty of rest for tomorrows trading.. I sure hope my brother/co worker dosnt read s/i to see they became the object of my negative talk :)

To: velociraptor_ who wrote (11302)	3/11/2001 7:29:16 PM
From: Mike M	Respond to of 37746

These are grim circumstances and personal tragedies but not necessarily grounds for more NAZ market trauma than what we have already suffered. These circumstances often define bottoms. For this market to continue to drop, it will take other economic setbacks...i.e. regional outbreaks (wars etc), FED missteps, commodity eruptions etc...IMO. I would consider the S&P and the Dow to be in greater danger for the near to intermediate term than the NAZ.