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

To: Paul A who wrote (26902)	6/9/2001 12:06:03 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 37746

Paul not asking you to get bullish..just trade the trend...stop fighting against it...it's suicide.. thats how all the masses got buried from Mar 2000 thru this March/April..they fought the downward spiral of "short all rallies" i was posting & pounding the table on for months.. we are overbought short term and will pullback to the middle here..maybe right into the FOMC later this month.. but you better have your list of longs ready, because you must buy the reversal back up... and as for volume??? it was anemic on the way down just 2 weeks ago at SPX 1246...that Wensday bottom i called... then some are taking about Trim Tabs and money flows..they were 10 billion last week into funds...but that is nothing but noise..means zero for traders.. best advice is stay neutral, and trade the trend...The FED is making a solid floor here for the indices...and there not done.. stay well...think smart.. best jerry

To: Paul A who wrote (26902)	6/9/2001 6:17:48 PM
From: 1podstock	Read Replies (1) \| Respond to of 37746

I agree. This rally from the 4/4 lows has been based on "HOPES" that the economy will stabilize and rebound due to Fed rate cuts. But, since 4/4--how many big caps have we seen raising forward guidance for rest of 2001 versus how many are warning AND saying that they have no visibility for rest of 2001. Same question for the mid- and small- caps. Answer---very few companies are going out and saying things are improving; only that they THINK things have stabilized. Sooner or later, the market will be out of denial and look on earnings. The Fed can only cut so many more basis points before they get to ZERO (a la Japan govt) Back in 2000, when we had the bubble; at least the bubble was due to increased earnings, sales, revenues, etc etc. Now, markets are surging despite the above stats declining, and declining markedly so. Sooner or later, companies have to show EARNINGS / SALES/ REVENUES, ETC. If not, we are going lower than 4/4 lows. Sorry to sound so gloomy, only trying to be realistic

To: Paul A who wrote (26902)	6/10/2001 1:28:47 AM
From: besttrader	Respond to of 37746

Just finished studying my 100+ tech stocks and all I have to say is I feel really sorry for all the new bagholders, cause this market EVERY stock in fact, is going down HARD. EVERY stock I looked at except for 4 was utterly pathetic. 3 of the 4 stocks were totally out of hand to the upside. (The 4th was MSFT...it is strong, but could still turn around). The 3 stocks that are out of control to the upside are MTON,MSCC, and BRL. BRL looks like a good short. Anyway, H&S's everywhere, negative TSV's, and almost all stocks look like they are going to lower fibs' 50's 61.8's 75's and even some 100's. A few actually made new lows like NUFO and TLAB. Some are close to lows like JDSU and GLW. SUNW and CSCO aren't too far behind. The only stong index BTK biotechs looks ready for a needed pullback, and the leader AMGN needs to break it's trendline for it to do so I think. Anyway, shorting looks like the way to go. Take your pick. Lots of H&S's and descending triangles out their with tons on bearish engulfing candles too. The volume didn't matter much, since I believe the selling will accelerate now, and we'll see some volume on the downside. As for monday, I think we should pull back more and maybe even test 2150. This is a 65 point drop. We may close near their maybe down 57 points for the day monday. Lets see what happens. :)