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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (38764)	3/12/2001 1:25:01 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79477

THE VIEW FROM THE CATHOUSE -- EDIT The Katzenhammered Kids have been useless at best in this downdraft (downright dangerous at worst). But the Cathouse still has its POV, which helped pick a bottom in late December 00, and also a top to the bear rally in late January of Aught-One. Right now, though every tendon in my tautly-wired rear legs is telling me to buy, the CatHouse itself is pointing to 5 to 10% still to go, easily: siliconinvestor.com That's a VERY partial list; I've stopped counting, except on bruising days where I've resorted to overpopulating La Maison just to heal some wounds, or for the sheer status of having a NT or YHOO on my guest registry. You'll see: Almost no signals so far today (except for cats that gapped into them), still 5 to 10% for many still to bottom, and figure another X percent after that for the full irrational dis-exuberance to kick in. The 12/00 bottom had them yewling for help for two or three days (depending on the stock) before executing their ballet-like verticals, so timing is no longer the cat-breath breeze it once was. NOTHING is like it once was. At one point, I was trying to use the 200dMA to time a bottom: If CSCO's MA was at 42, I went back two years to the last time it was at 42, saw what percent price was over the MA, and tried to foresee a possibility of some corresponding percentage below. Last time I looked, two weeks ago, the average was 87% below price (of two years ago, I think( and I thought, No way price is going to get to be 87% below, it would have to drop not only a further 25%, but do it so fast the moving average didn't have time to catch up. It's almost done that now. Sheesh. I've been getting hammered trying to pick a bottom on GLW, when all the while I've had this bottom in clear view: siliconinvestor.com That's also 5 to 10% below the $24 it's currently trading at. As usual, strictly FWIW Now that Doug's through wrestling Joey Heatherton to the ground, I'm just another county heard from ... But (EDIT), Doug, I asked a few weeks ago about your turning the blender upside down, as you'd originally posted on your thread introductory message. Any chance of that?