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

To: American Spirit who wrote (16205)	8/21/2001 4:43:58 PM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 52237

AS: please do not get me started; Abbey is just doing her job, trying to keep people in the market until prices reach historically average valuations; we are a long way off. Rallies should be considered an opportunity to consider re-shorting, IMHO until these levels are reached. Look at the insider selling ratios, 25 and 30 to 1 sell to buy over the past 4 months, billions of shares, too. Look at the value of "guidance" from the Street in the recent Smart Money analysis of gains/losses following buy and strong buy house analysts recommendations going back many years. We are already in a classically defined recession, once the 'revised' numbers come clean. The world economies are in lock step down now. Holding thru this "storm" may require more stubborness than good sense, IMHO. Accumulate when you can see the bottom, clearly. Interest rates can go lower without salutory effect for the economy; we've had 7 now, check out January Nasdaq compared to today's levels; just read the Feds notes today. The market will do what the market will do; my opinion is to trade it up or down, but don't expect more than counter trend rallies. James