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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (37191)	5/23/2001 12:14:01 PM
From: SecularBull	Read Replies (2) \| Respond to of 65232

I'm keeping a close watch. ~SB~

To: RR who wrote (37191)	5/23/2001 12:33:25 PM
From: Dalin	Read Replies (2) \| Respond to of 65232

Hello RR, A little humor: I Am Your Worst Nightmare. I am a BAD American. I believe the money I make belongs to me and my family, not some midlevel governmental functionary with a bad comb-over who wants to give it away to crack addicts squirting out babies. I'm not in touch with my feelings and I like it that way, damn it! I believe no one ever died because of something Ozzy Osbourne, Ice-T or Marilyn Manson sang. I think owning a gun doesn't make you a killer. I believe it's called the Boy Scouts for a reason. I don't think being a minority makes you noble or victimized. I believe that if you are selling me a Big Mac, you'd better do it in English. I don't use the excuse "it's for the children" as a shield for unpopular opinions or actions. I think fireworks should be legal on the 4th of July. I think that being a student doesn't give you any more enlightenment than working at Blockbuster. In fact, if your parents are footing the bill to put your pansy ass through 4-7 years of college, you haven't begun to be enlightened. I believe everyone has a right to pray to his or her God or gods, just leave the rest of us out of it. This also applies to sexuality. My heroes are John Wayne, the Simpsons, and whoever canceled Dr. Quinn, Medicine Woman. I don't hate the rich. I don't pity the poor. I know wrestling is fake and I don't waste my time arguing about it. I think global warming is a big lie. Where are all those experts now, when I am freezing my ass through a long winter? I've never owned a slave, or was a slave, I didn't wander forty years in the desert after getting chased out of Egypt, I haven't burned any witches or been persecuted by the Turks and neither have you, so shut-the-#$%!-up already. I want to know which church is it exactly where the Reverend Jesse Jackson preaches. And where does he get his money. And why is he always part of the problem and not the solution. I think the cops have every right to shoot your sorry ass if you're running from them. I also think they have the right to pull your ass over if you are breaking the law, regardless of what color you are. I think if you are too stupid to know how a ballot works, I don't want you deciding who should be running the most powerful nation in the world for the next four years. I hate those bastards standing in the intersections trying to sell me crap or trying to guilt me into making 'donations' to their cause. These people should be targets. I think if you are in the passing lane, and not passing, your license should be revoked, and you should be forced to ride the bus until you promise to never delay the rest of us again. I think beef jerky could quite possibly be the perfect food. I believe that it doesn't take a village to raise a child, it takes two parents. I think tattoos and piercing are fine if you want them, but please don't pretend they are a political statement. I think Dr. Seuss was a genius. I'm neither angry nor disenfranchised, no matter how desperately the mainstream media would like the world to believe otherwise. I believe if she has her lips on your willie, it is sex, and it is sex for both of you. This even applies when you are President of the United States. If that makes me a BAD American, then yes, I'm a BAD American. If you too are a BAD American please forward this to everyone you know. We need our country back! George Carlin :0) Ramblin

To: RR who wrote (37191)	5/23/2001 6:57:20 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

from briefing com...General Commentary... <<It's clear at this point that we've seen a changing of the guard in terms of market sentiment. Traders who had been striken with fear at the prospect of holding a long position are now watching certain issues post 15% to 20% daily gains. The consequence? Real fear of holding cash which is driving the Nasdaq higher in spite of its currently overbought condition. The frequently touted "cash on the sidelines" needs to find a home which is making for shallow and short-lived market dips. With the recent shift in sentiment, it's not surprising that reaction to market news has shifted as well. The current theme is "good news is good news and bad news will improve if given time." Whether this outlook holds through the Summer is disputable but for now it's an important trend to keep in mind. Salomon Smith Barney was out Tuesday saying it sees an acceleration in Cisco Systems' (CSCO +2.7%) optical business. The ramp is puportedly driven by a new product cycle which should provide the networking giant with greater visibility on earnings. The second-hand account of end-market improvement was sufficient to turn 149 million shares in the market leader, which represented 6.4% of total Nasdaq volume. The Nasdaq is moving on good faith that an improvement in the macroeconomic environment is just six to nine months away. Don't expect a return to bear market irrationality, in which 20% intraday drops are commonplace, unless or until we see data which genuinely suggests continued economic weakness at calendar year end. While the index may be choppy or rangebound at times, the current rally now passes the credibility test. Before making yesterday's break higher, the Nasdaq spent twenty-three sessions consolidating between 2,000 and 2,230. Consistently solid internals and very strong total volume, including 2.3 billion shares today, suggest this is not a simple bear market trap. On a technical basis there are few things worth noting. The Nasdaq had trouble with near-term resistance at 2,330 today. After bouncing around throughout the session, the index closed slightly under its opening level. This makes for a mildly bearish chart pattern in the very near term which means traders will need to be wary or nimble (or both). The index has near-term support in the 2,290 area with follow up support around 2,255. These will be important levels to watch if the Nasdaq should begin to slide. Yet it's also worth noting that market internals continue to generate slightly bullish readings. If the Nasdaq should break above 2330, there is no real technical resistance until the 2,400 level. So that covers both ends of the scale. While Wednesday's outlook skews modestly in favor of a pullback, it's also wise to be cognizant of the market's recent strength. In the intermediate term we continue to believe this Nasdaq rally has legs.>> _____________________________________________ Rick: Hope you're doing well down south...I've been in too many meetings in the last day and a half....I rotated most of my STOR profits into a new position that is already up over 15% since I entered yesterday (it was up just over 3% today as the Naz fell back)...It's important to be nimble and opportunistic in this market...=) I'm just answering email, catching up on some work in the home office and drinking a Starbucks Frappaccino. Hope you have a good evening. Best Regards, Scott