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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Hawk who wrote (19639)	4/14/2005 12:53:10 PM
From: robert b furman	Respond to of 207973

Any shake out worth its salt will/must always look like that. I'm seeing a bottom drag along here for the last several weeks. Yesterdays decline was really an inside day with a weak close in many sector indices. We have tomorrow to get through expiration and there is a royal battle going on in maintaining the larceny and their paychecks. In between the put call ratio is getting very high and that is not the making of a new bottom - it is the set up for next months paychecks. HURRY HURRY - buy puts and secure your account !! My bet is earnings will begin in earnest next week and they'll be better than anticipated - not robust but not bad. Most business is very conservative and pinching pennies ALL the TIME. This is good business and it will slowly go on into the rest of the year.When 12/31/05 shows up - we'll be modestly profitable and the balance sheets will look better than ever. Slow gradual traction along with good and getting better earnings will raise most ships. Patience and endurance will be key needs in this slow and nervous market. Good conservative mangement will do well in this wall of worry environment. Nothing near as exciting as real estate going on in Wallstreet. All MHO Bob Great place to but the dip -with an eye on breakdowns.Very little to risk and long buys in here. Great set up for short term trading play. BWDIK and I'm often wrong.