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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: ajax99 who wrote (6360)	9/26/2003 10:10:29 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

DOW 9305 now Bounce from here Message 19339867 To:ajax99 who wrote (6344) From: scottonstocks Wednesday, Sep 24, 2003 7:45 PM View Replies (1) \| Respond to of 6361 I haven't been too sharp with the DOW moves lately. Maybe it's Yahoo's new charts. I really didn't expect such a negative reaction -without any late day buying- to what seemed nothing more than a canned OPEC announcement. They are rarely adhered to anyway. Surely, this whole mkt rise wasn't based on gasoline being $1.50 a gallon vs $2. Oil was an excuse to sell the mkt today. Tomorrow they'll say it's a reason to buy. 150 points down is significant and the mkt needs a blow-off. Possibly see another 50-75 down in am, with further deterioration to delayed revisit to 9300 sometime late day or early Friday. Not sure what economic news is on tap. Computer has been frustratingly slow today Well, there is something about a broken clock being right twice a day Message 19305614

To: ajax99 who wrote (6360)	9/27/2003 10:00:08 AM
From: Smiling Bob	Read Replies (2) \| Respond to of 19256

The last time I saw stocks crumble like this was back in Mar/Apr 2000 I'd play the safe side and probably raise cash Look for further declines Mon. We could easily get back to 9000 the next 1- 1 1/2 weeks, with the Naz doing worse. This is contingent upon 9300 giving up off of the open on Monday followed by a break of 9250 later. I think we will get it. More of a correction. The recession we supposedly experienced was not of the magnitude we needed. We didn't get the smack in the face a recession usually brings. But like everyone else, I hope the economy a la consumer spending does not sag and we've seen the worst. I hate to bring politics into it- so read no further if you don't care to read my rant- but Bush needs to realize the immediate well-being of our country is being compromised by the greed of his friends in big oil. Car makers fed America SUVs. It's what consumers wanted- wink, wink. That's what tobacco cos., distillers, and fast food all say as well. Develop and market to the weaknesses and vulnerability of the masses- the super ego loves those big SUV's, despite the immense harm it creates. And now the oil companies feeding them jacked up prices at the pump. The salvage yards will have a whole new look in 10 years. Hopefully, a new administration will bring a new approach to alternative fuels and transportation. Similar to what we were supposedly heading towards after the oil embargo of the 70's.