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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (11998)	7/18/2001 11:21:52 AM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

CNBC would seem to serve as the megaphone for the carnival barkers -- that is, the institutional analysts. One view might be that CNBC, at its worse, can be an infomercial channel for those pushing summer merchandise. One can't help wondering whether it's being used, despite the producers' best efforts to present an objective view. The jaded view would be that the so-called analysts and experts are pitchmen. I think CNBC probably strives for an objective view, but who are they going to talk to? It'd be like sending correspondents to hell and interviewing Cerberus, Ciaccio, Phlegyas, Filippo Argenti, Medusa, the Usurers, etc. S'all a bit of a joke. The other problem is market myopia. On down days, the view is dreary and pessimistic. The market will head lower forever, of course. On up days, the outlook is exuberant. And the analysis of the economy, etc., changes 180 degrees from day to day, to explain the market's meaningless meanderings and fluctuations. I watch the channel religiously, of course. I plan meals around the commercials. I think of the on-air personalities and analysts as family. I put a cup of coffee on the table each morning for AJC, in hopes that she'll stop by and visit, if they take her out of Madame Tussaud's refrigerated Market Mavens Room once again for an upbeat assessment of the market.

To: donald sew who wrote (11998)	7/18/2001 11:36:41 AM
From: Challo Jeregy	Respond to of 52237

It would give more credibility Donald, IMO, they lost that a long time ago.

To: donald sew who wrote (11998)	7/18/2001 3:01:30 PM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

It just occurred to me, Donald, that maybe this is the summer rally. Everyone predicting a summer rally was absolutely correct. This is the reprieve, right here. Think of all the advancing issues today, such as IP. The emphasis should be on stressing the positive -- the advancing issues -- and then we won't miss the "rally" now in progress. We needn't be distracted by those meaningless (and depressing) indexes. I wonder what will happen after this spectacular summer rally. But seriously, my complacency indexes are going to be in oversold territory after the close, for the S&P and Naz, I reckon. I think the new moon (July 20) scenario might turn out to be true, with a reversal by the end of the week. I'll send the CI numbers this evening. And note the gap that QQQ just filled, from 7/11-7/12. Will it bounce after filling the gap?