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

To: cyanideinvestor who wrote (12144)	3/17/2001 6:20:11 PM
From: Devin123	Respond to of 37746

WOW, wow, wow. Canuck, you and Bid buster are using the same methodologies to find the NAZ bottom... somewhere around 700-800 and I think that is interesting... Velo's picking slightly higher at 1000. I was surprised when 2000 broke and now think any is possible. Another 50% shaved off?? Why not? Companies are going bankrupt, orders are not coming in, layoffs right and left. People are now moving the largest amounts of money seen in years into bonds and money markets because of TOTAL FEAR of the stock market losses. I will play Monday very cautiously because I'm not so sure if we'll have a "Black Monday" again. But any bounce I will short, moving back to cash prior to close. I am 100% cash right now. The Fed is always full of surprises and all eyes will be on them Monday and Tues. Whatever direction it goes, you can be guaranteed this... there will some violent swings after the cut is called! One last thought on a particular stock... I love to daytrade the techs because of their volatility, but I often look to other industries for less volatile/longer term plays. Retail to me, just makes sense as one to fall. I mentioned SKX one or two days ago along with some other weak stocks. This one fell ~4.5% on Fri. and it looks set to first dip to 22.5, then 20 within the next week or so. I was also reassured cuz I later found this on Velo's site, too. No position right now, but will after the Feds meet. So many to short, so little time.

To: cyanideinvestor who wrote (12144)	3/18/2001 8:28:01 PM
From: David Lee Smith	Read Replies (2) \| Respond to of 37746

Bad advice. Historically, the market rises immediately after the FED cuts rates...and does so for three months afterwards. Also, although I agree that we could be in for a further slide in tech, it will likely have a 10-20% bounce near-term. All bear markets are marked by sharp bounces along the way and we're due for one. The bad news is out for this quarter. The market will rally until the next round of earnings warnings ... in June 2001. If the tech companies continue to show weakness then, we will see the NAZ make lower lows... otherwise, it will be back up sharply. We are past the panic stag. We're in the test the bottom phase of the NAZ bear. Up and down until the bottom can be seen.

To: cyanideinvestor who wrote (12144)	3/18/2001 9:29:01 PM
From: Mike M	Read Replies (1) \| Respond to of 37746

So what happens to your plans if the market opens up on a Nikkei rally...? Does that screw up your plans a little? Why should the NAZ find support at 800...? Nah, but I'll tell you one thing, it isn't going below 40. I'm sure of that...Unless MSFT goes belly up, of course. We prognosticators gotta be sure of some things and I'm sure of that...NAZ not going below 40 unless MSFT files... Count on it. Now, that ought to make everybody feel good. Buy like there's no tomorrow when the NAZ reaches 40... Not going lower. Guaranteed. Remember you heard it here first. unless that MSFT thing...