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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (12210)	5/11/2002 6:26:37 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

ARE you saying dream on to thread? or to writer of that articel. Which left one or two small factors out. 1)New depreciation rules will help tech stocks. 2)Valuations always look lousey at turn cause earnings suck 3)Semi industry and ISM show slow to modrate growth. I do agree PC suck and will continue to suck, however outside of NOK most Handset makers are doing fairley well. I wont argue with valuations but articles preaching the death of anything makes me want to get bullish.

To: Softechie who wrote (12210)	5/11/2002 7:02:30 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

I will bury my dreams in the clouds like a fool with the boyz accumulation conundrum. The member boyz have now accumulated net balance index over 617 MILLION shares and up 10 of the last 11 reporting weeks and with two week lag we most likely thru Friday are 13/14 but don't yet have the results.. Working on that record 14/15 weeks stealth accumulation in second half of 94' before the market took off in 95'. The market promptly doubled in 2 1/2 years. Consensus is jamming down the 20% throat, market vane 22% jam job and blowing out the September lows. Rydex ratios confirm as long money runs for cover. Then we get the false positive on the one day melt-up which quickly wilted like a flower on a hot sunny day. The hook is set up on the next solid up day which will be shorted with reckless abandon.. Will the inmates get it right again or will the final mother of all traps be set??.... only after back to back melt-up momentum thrust days will faith be restored. And most likely the rally will be a 10% plus two day affair that gains traction in tech along with 5% + in DOW and SPX before the trumpets sound. Meanwhile the public continues heavy shorting with baited breath. The inmates been doing the work of the specialists every week since early january. This week, the public hot air balloon registers a record net short 95 million shares over the specialists in one week reporting 4/26. Further, the inmates shorted the rarity more than the members a cool 10.8 million shares. Forget obfuscation, because a new breed of inmates truly run the asylum. Just as the new york boyz set up the public for the crash of 87 and only later was it revealed they had their most profitable year ever... so it was in mass accumulation in second half '94 that set up the Mother Bull leg up from December 94' lows DOW 3,685 to double to DOW 7,782 by June 97. Now, the father lode new script is now being finalized. The stage is set yet again for the boyz to accommodate life styles of the rich and famous. Or... where are all the customers 'short' yachts? Will the market volcano erupt sooner or later? If it is later, than I will get in the back of the boat and start rowing for the rest of my life. I don't intend to move Ben Hur out of his perch. Best Regards, J.T.