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To: donald sew who wrote (40224)	4/17/1998 3:24:00 PM
From: Kevin	Read Replies (1) \| Respond to of 58727

>>> TSO is a thread that I and many are comfortable posting in. It is a pleasant and respectful atmosphere, and I feel that most would like to keep it that way. Many of us spend alot of time researching and try to share with others our viewpoint. I know that I try to be as explicit as posSible and that takes time and energy, <<< I can't agree with you more Don, and thanks for posting that. I have to admit that I get aggravated when I see someone that's quick to point out other's faults, but very hesitant to go out-on-the-limb and make predicitions based on their own research. Maybe if they'd try it, they would see how hard it is to post to the world their predictions and then be wrong. And they'd also see how hard it is to stand back up and try it again. Thanks and keep up the good work.

To: donald sew who wrote (40224)	4/17/1998 3:30:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

FWIW My own experience is that I get comments about my short selling all the time. They just roll off me because it's a view point issue. I don't even bother to explain. On any given day I could have picked up a couple of points on the short side and left. Someone will laugh, see the market up 60 points, and call out "You better stop shorting before you go broke, Slev!". Why tell 'em I might have made a serious amount of money in less than an hour? The real edge in trading this with as limited an opinion about either the upside or down as possible is that we will be more prepared than most for a real turn. Unfortunately this Kahuna stuff and my own enthusiasm for a nice decline influenced me emotionally, clouded reason. If Darth is a Perma-Bull it's to be understood, I think, that he's running the risk of inflexibility. This puts him in a dangerous position so I, at least, am not stung by his observation. Like you, I do concern myself that someone may have put on a trade because my view may have influenced them. Fortunately, however, I think the number of people that I could influence is at best small and except for TT no one trades spoos anyway. I do understand why you are irritated, I'm just saying screw it. Not worth the trouble.

To: donald sew who wrote (40224)	4/17/1998 4:11:00 PM
From: The Perfect Hedge	Respond to of 58727

I think it's unfortunate that there are people on this thread that get enjoyment at seeing others fail.I like this thread because there's a sense that we're all rooting for each other.Several have rooted for me and been sympathetic to my plight;we're cyberfriends!!Seriously,I feel like alot of these people are my buddies(maybe I'm just lonely!!)but it sucks when we get a rooten apple on the thread. DOWN WITH THE BAD APPLES AND UP WITH THE REST OF US!!!!!! Donald,I read every one of your posts and appreciate them.They don't have to be right.I don't expect them to be;you're making an effort for all of us..... GD GO PFE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

To: donald sew who wrote (40224)	4/17/1998 4:21:00 PM
From: jjs_ynot	Respond to of 58727

>>> TSO is a thread that I and many are comfortable posting in. It is a pleasant and respectful atmosphere, and I feel that most would like to keep it that way. Unless I hear otherwise I will maintain that assumption. <<< It takes a tremendous amount to courage to post specific analysis day-in and day-out since there will invariable times that the projection is screwed up by a number fo external parameters that you have no control over: interest rates, currencies, wars, deaths, etc. I for one would like to thank you for all of the excellent work that you do. Dave

To: donald sew who wrote (40224)	4/17/1998 4:43:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 58727

Don, I value your Index Updates, but of course I make my trades on my own volition. You might even be happy to know that last night I read your comments where you stated your opinion based on your T/A. I felt that the market had probably already interim bottomed, but really I had no clear conviction either way, so I did not initiate any trades. Like I told Patrick Thursday around noon or so EST, as of the previous day's close I saw that the stochastics were saying up, but MACD was showing bearish down trend. Personally I have thought that ever since the initial breakthrough above 9,000, the market would initially dip, recover quickly, and then remain more volatile in % wise daily moves, but move sideways and/or trend slightly higher. This seems to be what is happening. I'm remembering also that at least a couple weeks ago (pre-9000) you were saying that you thought the market could go to 9300-9400 before this two-month-plus rally would peak. I have agreed with that, for no reasons I can easily explain. Perhaps it is in part that the market never seems to do things in exactly the same way twice, although there are similarities which are valuable to take note of (like just how long a rally can last -gg-). I don't think that, in the past 12 months anyway, the market has ever simply plunged abruptly and quite nastily from a peak. Last August 7th, look how long the market lingered before finally, after much easily observable increased volatility, fell off the cliff on Oct 27th, or was it the 29th. Last August the market went above 8,100 or so very briefly (and only intraday or for one day). So it kind of stands to reason that, particularly when you think of the giddy atmosphere today, with even the slightly cautious bulls being proven too cautious, it stands to reason that we won't stop on 9,100 intraday and then that's it. I'm struck by a IBD "investor's corner" article a few days ago, showing how to spot blow-off tops in individual stocks. They used YHOO as an example. They gravely noted that the stock had went up 10 points in one day. Surely a blow-off top, right? Maybe so, but then how to explain the 17 point gain a day or two later? Another blow-off top? Let's see: I thought "a" blow-off top meant like one day, identified by crazy things like 10 pt advances -gg-. We're definitely running on helium, and we're not far away. I have noted that Bonnie Bear has prudently resisted the urge to buy puts; I believe she sat out "Plonk's plonk", and said she was waiting for the week after April Expiry. When Bonnie Bear is that cautious, it should put a goodly amount of caution and healthy fear into the potential put buyers. Now that I've said all that, I'll admit to buying just one in the money S&P put right at the close. I actually did it against the little voice's advice, because the weekend that is here won't be healthy for the time value, and also because I really do suspect that we will see 9400 on the Dow before we see 8700. So, I'll deserve any losses for being too trigger happy. But wow what a rally! 14 pt on the S&P -- was just too good to pass up setting at least one spike into.