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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (15569)	5/8/2001 11:19:21 PM
From: wgh613	Read Replies (1) \| Respond to of 30051

It is obvious from your posts that you are not a daytrader. Your general thoughts on Market direction have absolutely no value to daytraders,or to someone that needs direction short term on the Market. You might be right that we are going up at some point,but in between,we can have many fluctuations which can be used for Longs or Shorts. I combine Zeev's thoughts with others on SI that I follow,and try to come to a conclusion as to Market direction.Nobody is perfect. Had you been a daytrader or swingtrader,you would have benefited greatly from Zeev's Market direction calls,and his stock calls.I HAVE. Your criticism of Zeev seems petty. I think I speak for most people on this thread in saying that YOU HAVE CONTRIBUTED NOTHING TO THIS THREAD,only dissension. Is there something more to this conflict? The Hed(fields) and McNabbs(McCoys)? Manny T.

To: McNabb Brothers who wrote (15569)	5/8/2001 11:24:01 PM
From: Alex MG	Read Replies (1) \| Respond to of 30051

Wow!... Out of all that multi-paragraph posting basically all you say is "you're bullish", without any fundamental reason and after the NAZ has had a quick 40% bounce and the DOW is at sitting under a ceiling at 11,000... What about fundamentals and the fact they aren't turning around anytime soon, and P/E's are still historically high. DOW 14,000?!... Sounds like the tinkerbell theory, buying on hope. So you wanna play Guru for awhile?... DOW 14,000!, LOL!... more like DOW 7500

To: McNabb Brothers who wrote (15569)	5/8/2001 11:24:17 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 30051

Hank, you make a lot of sense with your 10 reasons well, maybe except for #10 techs have had these little diddly pullbacks I feel as though a week/10day pullback would be warranted the economic recovery is NOT a lock debt is huge and growing everywhere layoffs are accelerating I personally think the bad news has nowhere near climaxed even the most conservative impartial adept strategists and economists admit a recovery is at best to come in q4 sure, the market upswing precedes actual econ recovery but this economy seems ripe for several months of stagnation maybe a few more qtrs, and more than what we think do you truly believe the fed can rescue all fundamental ills? what if excessively available money caused the problem? then excessively available money might not fix the problem in the meantime, hard to argue with a steadily rising market the biggest joke to me is that Dow is near highs and the economy is staring at a possible recession I like to focus on the benefit unspoken from lack of cold war that is worth 1-1.5% in GDP alone take care, be nice to each other some smart people here they are just expressing their opinions and some have a remarkable record nobody gets it 100%, probably not you either all statements above are correct, except the wrong ones there is my hedge over and out, Jim

To: McNabb Brothers who wrote (15569)	5/9/2001 6:59:30 AM
From: William B. Kohn	Read Replies (2) \| Respond to of 30051

I'm keeping this call. but in response 1. Don't fight the Tape! 2. Four gas increases per week with ten to thirty more on the way! 3. DOW has been basing for two year now and the way I read TA it looks as if it will break to the downside to me! 4. Markets have and will predict the future by moving in advance of news. Oil Prices, inflation, job losses, energy crisis, energy crisis affecting business like never before, cloudy international front with troubles in both the middle east and in US/Sino relations to worsen and the Japanese economy is stuck. The market has a long way to fall and it hasn't even begun. The cost of energy will cause the housing market to faulter, and the potential for strikes because of the effects that energy prices will have on the trucking industry and independent drivers cannot be overlooked. If half of what I'm suggesting comes through, the weak European expansion will also falter and that will cause the rest to teeder. Do I ever expect a market turnaround, yes, but not until the DOW drops below 6000, which is where I expect the big next fall to occur. Stocks with historic P/E's of 4 are today trading at P/E's of 20. Good companies yes, overpriced, yes. Do you really believe that Caterpillar, General Electric, Ford, should be at their multiples. On the NASDAQ, do you really feel certain that Amazon can survive, that their still aren't hundreds of new issues still waiting the inevitable 'liquation sales'. And if those happen, like I believe they will do you really believe that that won't impact companies like SUN, HP, EMC, NTAP, etc. who will have receivables in their names. 5. Democrats will cause gridlock and make the situation worse! 6. Look at how many states are going from surplus to deficet and realize that they tend to be a leading indicator for what will happen at the federal levels. 7. "Markets like to climb a wall of worry and seems most people are really worrying about the economy and markets now!" Didn't seem to climb well in 1929 or 1930 and oh by the way the rally during the 90's wasn't based upon a wall of worry, now was it? 8. Companies are clueless as to when they will see the light at the end of the tunnel even if it is a dime light so far. Cisco has no visibility. Dell says it probably won't be until the 4th calender quarter at the earliest, and even President Bush doesn't have any visibility. 9. The market has a long history, replete with examples of bear traps, and this is one of them. 10. And the most important thing IMO is I'm quite bearish!

To: McNabb Brothers who wrote (15569)	5/9/2001 9:03:51 AM
From: Pink Minion	Respond to of 30051

Your list sounds like you've been watching too much CNBC. Come up with something original. My number one bearish indicator: 1. The bulls still have this bubble mentality and learned nothing from last year.