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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (69234)	5/19/2002 8:38:14 PM
From: DebtBomb	Respond to of 99280

Japan and Hong Kong have been outperforming the US markets this year, what's that say?? And, gold was the best performing US sector in the first qtr., what's that say?? It tells me, something nasty is going down. But, when Japan and Hong Kong turn back down, which I think they will, that will even put more pressure on our markets, IMHO. I'm hearing lot's things about gold. Look at the charts of BGO, DROOY, HGMCY, best looking money flow around, has investors in it, no selling, charts won't break down. Let's see, these guys went up about 5 fold since Jan.. People haven't even heard of gold yet, but I think they will, as the tech bubble continues to unwind. Just my opinion. And, let's see if China devalues. ;-)

To: ChrisJP who wrote (69234)	5/19/2002 9:38:23 PM
From: At_The_Ask	Read Replies (3) \| Respond to of 99280

I liked Kathleen Hayes and for whatever reason she left. One of the few people on cnbs that ever had anything of interest to say. Marci Rossell I have a hard time taking her seriously. I think they axed Hayes because they didn't want her to touting the anti-stock pro-bond version of the economic recovery.

To: ChrisJP who wrote (69234)	5/20/2002 12:28:39 AM
From: XBrit	Respond to of 99280

<<all December 2001 they spoke of the "January Effect" ... I think the "January effect" lasted 1 week.>> The real "January effect" is seen in the most beaten-down and unloved stocks. They have a strong upward bias for a short period because tax-loss selling ends. You're right, the effect pretty much expired around 1/7/02. However it started a little early, about 12/23/01. It was also not as strong as in previous years. I was lucky enough to catch the sweet part of it, thanks to guidance from much smarter people than me, and I did quite well on a basket of truly awful stocks. But my belief is that I was mostly profiting from other traders trying to catch the same effect. I was lucky enough to get in and out ahead of the crowd. The actual tax loss selling effect was, I believe, quite small because few people had any capital gains to offset. Just another example of an excellent bull-market market inefficiency which is being erased by the bear.