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

To: Jorj X Mckie who wrote (18592)	3/9/2002 7:52:17 PM
From: Rich1	Read Replies (1) \| Respond to of 23786

I wont argue with any of that... Kind like betting right and wrong at the table...<ggg>

To: Jorj X Mckie who wrote (18592)	3/9/2002 10:33:42 PM
From: HairBall	Read Replies (1) \| Respond to of 23786

JXM: Well, I think "the boyz" are going to feed the bears some this next week...<g> Nothing wrong with taking into account what others expect, but in the end it is best to go with what "your" work is telling you...carry on young man! Regards, LG

To: Jorj X Mckie who wrote (18592)	3/10/2002 12:37:14 AM
From: exp	Read Replies (1) \| Respond to of 23786

Jorj, IMO it is unknowable now whether it's an inverted H&S or a triangle as you say. It simply depends on the market perception/prediction of fundamental future economic data (and, of course, exogenous events) which no one can forecast with sufficient accuracy. So, the best anyone can do is to follow the trend (assuming there is one) while watching the T/A indicators for warning signs. If COMP runs to, say, 2100-2150, tops out there and reverses down hard, which scenario will be proved right? IMO, neither one. Yet, the longs will gain another 200 pts or so just following the trend. It might be better to short when trend reversal is evident whether this happens next week or next month at COMP 1950 or at COMP 2150.

To: Jorj X Mckie who wrote (18592)	3/10/2002 12:36:43 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 23786

Jorj, I think you are right to be worried from the shape of that chart, I know I have become very Jewish Friday (worried I mean) and moved to a quite high cash position. Unless we get a good 100 Naz points here fast, the scenario of the spring rally will be negated. Namely, we will be setting ourselves (maybe after a run to just around the January highs) for a major catastrophe, earlier than the late May/early June I had in the original scenario. That is part of being wrong on my part. Next week will be critical, a retrenchment, contained to 1830, probably means that we go back up and resume the "spring rally", continuation of that madness (with the semi at 100% plus <g>above their 10 DMA, since they went out at 99%, and maybe the 25 DMA going above 99%?) will result, IMTO, in a worst madness later. Be worried, even if you are not "Jewish" (VBG). Zeev

To: Jorj X Mckie who wrote (18592)	3/10/2002 8:18:12 PM
From: jcky	Respond to of 23786

I'm still expecting at least one more flusharoo before this thing is over. Even though I'm currently long, I remain bearish. There's just too much damn euphoria out there right now. Abbey Joseph with her "the market is undervalued" crap and the declaration by many that the bear is dead. That's funny, until this market makes a series of higher highs and higher lows or this market can at least sustain itself above its 200 day moving average, I don't see squat. But that's me. Don't get me wrong. This bear will end. But it probably won't occur until we see a little more fear. Right now, it's all hot air mixed with two teaspoons of euphoria.