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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (3380)	5/2/2001 10:00:16 PM
From: tradermike_1999	Respond to of 74559

Mike - see that two, setting up nice on the VIX. Right now the two biggest issues to watch will be the Dollar and Inflation. It is definitly heating up - but of course the Fed would rather lie to win the game. Also Gold continues to ramp as well. Did you notice how the garbage is running now: VERT, CMGI, ICGE etc. This is a sure sign of near term top IMO. Once they are willing to buy anything on the bet there is no risk. Interesting to watch things as this develops further. Yep - I'm not really enthusiatic about trying to time the market on the short side until the Fed meets. Hopefully by then the VIX will be in the low 20s and it is heading there. The Nasdaq volatility index is dropping even faster than the VIX, but it doens't have enough trading history to it for me to trust it as much. And the junk is flying. Actually I find it easier in some ways to find stocks to short when the market rallies like this because of that. IT is like watching rotten mushrooms grow on a dew wet morning grass. Thats what market rallies create....outright frauds and pump and dump operations begin to appear. I got a real stinker with GENI. Take a look at this: Message 15745123 The stock is being promoted by a company called Madison & Wall. I put out all of the details on the yahoo and SI geni message board and the promotion company put a post up on yahoo in response. My response is in the above link to...pretty wild. Never have had the promoters get desperate enough to respond.

To: westpacific who wrote (3380)	5/2/2001 11:48:25 PM
From: SouthFloridaGuy	Respond to of 74559

West, excellent observation. The dung of the Nasdaq has made some serious moves the last few trading sessions and its a sign of two things: 1) The New Economy is for real and we are in a new paradigm where there is no inflation and GDP growth can outstrip productivity growth and 11%/annum Money Supply growth is acceptable. 2) The Nasdaq is topping and ready to roll over. Which one do you think it is? P.S. Here's a posterboy for the semiconductor industry. I find it pretty ironic that nobody is saying anything on the triple top, yet they were screaming to their hearts content when it was showing "strength" (it was really only maintaing a trading range). bigcharts.com