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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (13629)	2/7/2002 8:56:23 PM
From: arno	Read Replies (1) \| Respond to of 23786

You know Jorj, since I've been day trading, (for now) I don't really care one way or another which way the market goes. The only thing I've been holding over night are homeland defense stocks waiting on contract announcements. It just seems to me anything else held long is too susceptible to another terrorist attack. Just think if "something" happened on a weekend, the carnage on a Monday morning would be horrendous. I'm more of a react-er instead of a predictor. However, my back of the napkin prognostication is I do think February finishes down, but I think we rally a bit in Mar/Apr. Then......we barf up a lung in Aug/Sept. I firmly believe we will see the lows of September again. We have to, imo. Then we will be able to move forward unimpeded. Also, keep a close eye on Japan. In April Japanese financial institutions are required to "clean" their financial books to their true market value. For instance, stocks bought at high prices are shown as assets at that price. Come April they will need to show the real value.....SEBL @ 110 anyone? How about QCOM @ 130. Somebody will be going bankrupt. The thread did a good job on klickity-klac, but like Jeff I had a full plate with other targets. As for the ENE mess, I think it is big news now but the longer it's on TV people will become numbed to the news and start to dismiss it. It will be no less important, but lessened in urgency. THe companies that are hung early on will pay the price, but those that are caught later won't be punished as badly....tis human nature. Just a few random thoughts I've been having and a note to say after next week I'll be gone for awhile. I'm changing places and changing faces....new job, new digs, and a new adventure awaits. No more day trading and I'll have to learn the discipline of position trading and stops. Eek!