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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: FrozenZ who wrote (29640)	10/6/2001 1:11:36 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Thanks, so far I think that for the next few weeks, he is probably right, but I think that VIX will slowly descend and ma reach 24 again. Zeev

To: FrozenZ who wrote (29640)	10/7/2001 1:46:14 AM
From: 1podstock	Respond to of 30051

FrozenZ..the problem with Don Hayes forecast is that he was pushing his bullish views HARD when Nasdaq was in 1700s (said that his system indicators show things couldn't get any more bullish than he's ever remembered)..... so, one has to think: If an analyst is bullish at 1700+, and publishes that view in his newsletters; why would he turn bearish now? He's been wrong so far. If he turns bearish, and Nasdaq begins a rally in a new bull market; he will be wrong a 2nd time in a short span of time. How will he be able to sell his services? Better to be wrong with a call, and continue with that call, than to change the call and be wrong a SECOND time. Besides, Hays has history on his side...over the LONG LONG term, markets go up. Take Abby J Cohen...she's been bullish from 3200, increased positions slightly at 2400; just before the WTC attacks, she came out saying she was increasing her model portfolio for equities by 5% more. By the way, Cohen has so far refused CNBC's multiple request for an interview, at her convenience (per Ted David's words). Analysts--most aren't worth the dirt they stand on. As a matter of fact, that dirt might be more valuable than all their analyses they've made in their lifetimes.