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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (17130)	10/17/1998 6:03:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 120523

Hi TA it seems a lot of people have changed their minds...Alan G. has a way of doing just that!!!! in fact I have posted right here several weeks ago, I felt these markets were extremly dangerous...in fact they were... of course all that is now behind us...in all the years i've traded the markets, the word "hedge Funds" was just another word...it certainly never occured to me how much of an impact they would have on both the bond & stock markets...obviously Alan G, had good reason to bail out the one fund, and aggressively move to help the current credit crunch in the banking industry...... it's very interesting to me, that in 1990, when I was in the middle of the very same credit crunch in New England, he sat on his hands, he was very slow to respond then...but now, he learned from his mistake, and has correctly moved to help the banking industry and the markets... because of his moves, the markets will trend higher...we have successfully tested the 7450 area 3-4 times and have not penetrated it under severe stress...NOW, with the change of venue, i don't think there's a chance in hell to go there again...the NEW trading range should be about 8000-8100 or so... as a Point & Figure student, several excellent indicators have reversed UP again...and on my charts the DOW-S&P-OEX all look to move higher... the one caveat, is how damaged the banking /financials sector is now, and what lies just ahead as well...we'll start to get that picture next week as a lot of banks etc start to report eps...i've been pleasently surprised at how good the earnings are for last Q, albeit on lowered expectations...but the forward looking statements are good too.... so one can take solice that even though we have gotten battered this year from Apr thru Sept...with the help of Jenna and all who reside here, we should be able to regain some lost revenue on down the road...