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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (7144)	6/12/2001 4:43:28 PM
From: wgh613	Read Replies (1) \| Respond to of 8925

Jeff, What are all those BUYS in the first chart and SELL in the second chart? Are those called by the Software? If yes,which program is doing that? Thanks, Manny T.

To: Jeff Jordan who wrote (7144)	6/12/2001 4:48:43 PM
From: HandsOn	Respond to of 8925

Hey Jeff, see some familiar faces here so I'll check back Tomorrow.

To: Jeff Jordan who wrote (7144)	6/12/2001 8:00:30 PM
From: robert b furman	Read Replies (4) \| Respond to of 8925

Hi Jeff, Even a blind hog finds an acorn every once in a while.ggg I really do think that the shorts are masking a very uncomfortable feeling. Put/call ratio is not peeking out but it has stayed relatively high for a long duration of time. Outstanding shorts are at historical highs.If you put yourself in the shorts position - huge gains have been made and now we've had a nice rally. So shorts are saying to themselves "i'm covering if it just gets back to the low. But the lows aren't coming - Nvls did'nt even dip below 50. 60 days ago it was dropping 10-12 in three days. Everybody is worried about a low vix. I've got my eye on it because it pre-signaled the last triple bottom in Oct 7/8 1998 with a low value. But think like a nervous short. Record levels of short positions.A giant group of people wanting to get out the door with their huge gains AND NO VOLATILITY. The shorts are addicted to volatility from the last huge bear decline and it's not there.Oh sure there are some lows but have you tried to buy long lately - it's a lot tougher to buy at the bid than it used to be.I think shorts are finding themselves forced to bid above the bid to get any volume purchases while covering of their positions. I know everybody is calling a Head and Shoulder top in the S&P and Dow. It looks much more like consolidation in the Russell and the NAZ.I think this tips the hand - the shorts were much more active in the Naz - this tips the hint of the overall market also.JMHO Lastly I have watched specific stocks with TC2000 and they just don't look like they should be sold. My stocks are hanging on the middle line within a trading envelope. Most of the envelopes are regression trending up and I don't think it is a time to lose a good entry point position. Keep in mind I'm a positional trader and don't mind seeing a profit erase as long as it looks like the next wave will advance it higher. I need everything to be capital gains and I completely sold out(except my KVHI) of the market last 2000 February. So I'm buying the bottoming action as best I can(on vix spikes) in the semi equip sector(last October) and now the fiber optic/communication sector (last march/april and lately Orcl). I see short covering as the ingredient that prevents the retest of new lows and the tax rebate and rate cuts(of which the first one is today 6 months old). If this old market is to discount the easing of money and it takes 12 months for it to work thru the economy - this warnings period may well be the last weakness into which historically high level of shorts can be unwound. I think many know this and are getting nervous about the recovery time clock running out - especially when Joe 6 pack gets his $600 check.It won't last a week and it will be spent.Let's see 300 or 600 times 96 million refunds and it gets spent immediately - pretty good boost in the arm. I'm way long here and absolutely patient enough to wait for the short squeeze that will surely happen in the next 60 days to 120 days. If the shorts are so greedy they're waiting for the old lows they'll get crushed at the door when Oracle or Mr Softee kicks this psychology one 180 degree turn. If companies just hit the lower limits this quarter then next quarter they only have to repeat the guidance, but with a growing backlog or better visibility and it will be too late to get value positions in core holding kind of stocks. I think the small caps are fixin to be explosive in the next 2 Qtrs at the longest.JMHO Bob Sorry about the ramblings - but I think the uncomfortable shorts are the big ingredient that adds stability to this long consolidation - which will lead to technical strength and stair stepping. JMHO Bob Shakes in the A.M. and recoveries in the P.M. are signs of this buying action and we've seen them the last 2 days. Message 15924271 Message 15929438