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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (18769)	12/9/1998 10:59:00 PM
From: Ken Holbert, Jr.	Read Replies (1) \| Respond to of 69227

Well in your response to fast moving stocks look at Amazon.com. I am relearning that timing is everything. I will go as far as to say that Amazon will crash hard one day soon. I've seen it in DNA, ZITL, IOM and even NSCP. A lot of people that know fundamentals loose a lot because of timing. I think people in the market are like the Lemmings that go marching forward with a determined destination and direction, only the direction is to a cliff that falls in to the sea. Have a good day, Ken H

To: Clint E. who wrote (18769)	12/10/1998 10:20:00 AM
From: mattie	Read Replies (3) \| Respond to of 69227

Clint, Thanks for that great post. A+ for effort. I think thats a great idea to concentrate the energy on indevidual stocks rather than market timing. After all, it is nearly impossible to time the market consistantly. However, I do think its a good idea to keep a pulse on market trends and to discuss those trends in addition to stock picks. After all, if you are a day trader or a longer term holder the direction of the tide will affect your holdings. You asked me how much higher the averages could go this year. I don't have a clue - but with the momentum, if they can break through the highs on some good volume I think we could have a pretty big blowoff. A more likely scenario is continued basing 1900 - 1150 on SPX. I do like the Russell 2000 for a catch up play while the SPX bases. I do agree with you that we are fully valued here, but we could still go higher in a blowoff. Look at AMZN. As I write, the market is correcting nicely. SPX down 6.61, DJIA down 75. Thanks again for the detailed post. I look forward to exchanging good stock picks (long and short) on the thread. I usually post when I find them.