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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (8355)	10/24/2002 1:34:57 PM
From: stockman_scott	Respond to of 89467

madtrader] /Bullish engulfing Wed Oct 23, 5:44pm PDT A ton of charts with high volume bullish engulfing patterns. Mostly semiconductor names. Some call it key reversal days. Names like KLAC, VSEA, CYMI, AMAT, NVLS, SFA, MDY, DTG, ESIO, etc. These are not signs of market tops, regardless what was said about KLAC's earnings. none. [madtrader] Wed Oct 23, 5:31pm PDT T2108 Haven't mentioned this indicator for a couple of weeks. I have suggested near the July and October lows that this indicator has worked well calling bottoms. Since this indicator measures percentage of all stocks trading above their 40 DMA, as it falls to near single digits, major market bottoms have near. When it approaches near 70% level, as did back in August, tops are near. Today's reading is around 40%. Right in the middle of the range. It is not yet a level that should raise concerns yet.none. Register for our newsletter [madtrader] Wed Oct 23, 4:57pm PDT volume market I was concerned about the bump up in volume yesterday (on a down day). Well, volume bumped up again, and it was an up day. So, it pretty much put that concern to rest for now. I am still reading a ton of bearish commentary from various sources. Of course, you have people like Bill Fleckenstein, even if he is flexible enough to trade on the long side, he won't be voicing such opinion. Then you have guys like Cramer. I am starting to wonder just how he traded as a hedge fund manager. Or was he simply a product of a bull market. He has just been wrong, and arrogantly wrong about every step of the way lately. Of course, he is tell you to dump techs and banks. I am not trying to suggest the long bear market is truly over. We won't know until after the fact. But I am sensing that people have been hurt so bad that the bear mindset is now the status quo. If this is indeed the case, we can expect more upside to come.

To: H James Morris who wrote (8355)	10/24/2002 1:36:45 PM
From: Jim Willie CB	Respond to of 89467

news on personal front? not much going back to my original name again job is boring as hell, unstimulating, but secure in today's climate, that counts for a LOT staying in shape, with a regimen of run swim weights lapdances and not enough bicycling anymore good news? only you were anticipate being short S&P and long HUI components same old same old with the stock market duplicity enjoying the World Series, college football, and the demise of Kordelia Stewart (same fate as Martha) might try to attend Ohio State - Penn State football game friend trying to land a pair of tix autumn is like a funeral season for me I love the spring and summer so much with outdoor activities autumn can be beautiful, but it augurs cold and windy, with a long wait for April learned some lessons with the suspension must be more clever in undermining those who espouse fallacious stances felt somewhat disconnected from a part of my world it had been 20 months since my last suspension I am back, big deal, jim