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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (11215)12/12/1998 9:04:00 PM
From: Sergio H  Read Replies (2) | Respond to of 29382
 
Ken, the experts haven't done much better than the probable outcome of decision making by coin toss based on stats published in Smart Money. I don't have the article handy, but from memory, I think Abby Cohen led the pack making the right call about 64% of the time. Ralph Acampora was fourth, barely beating the 50% mark.

Next week (12/17) semiconductor Nov. book to bill numbers come in. We're going to see some volatility. Oct's numbers will be defined as a trend reversal or a trend setter. Here's a nice chart, showing the
recent bounce off the high Bollinger band. iqc.com

The Russell 2000 hasn't performed as I had hoped it would, but the sideways movement has created a triangle pattern, signaling a powerful move is coming. The triangular pattern hasn't been outlined on this chart, but it's easy to see.
decisionpoint.com

The market was swayed by the retail numbers last week and is now indicating that interest rates will go unchanged after the Fed meeting on the 22nd.
decisionpoint.com

And Ken, I agree...we definatly don't want to be sitting on our hands. There's always a play.

Amigo Sergio



To: Ken W who wrote (11215)12/12/1998 10:32:00 PM
From: LTK007  Read Replies (1) | Respond to of 29382
 
Ken with these stocks I just play the ticker,and play my instincts--
and keep in touch with the what the print is saying---in otherwords when Fleckenstein says the day is coming that the funds have squeezed all the money they can out AMZN and DELL ,and bam one day it is sayonara for them--I listen--I don't say he is right, don't say he is wrong---just put it in my mental "database"---- regards the internets,if you miss the ride ups--don't sweat,they will come back to the patient who wait--with a few exceptions--I think Yahoo! is becoming a major winner,it will survive any shakeout--and would only crash in over all market crash--and AOL is the same--
these are future blue chip stocks I think---but to show how suddenly
the fate of these stocks can change,look at PeopleSoft--a year ago I heard analyst after analyst bless this stock as a longterm money maker,ever upward--heck,I even came to believe it--never bought the stock--but almost did--but now am learning if you see 22 strong buys
on a stock---STILL do your own DD----BTW,Ken,I just sent a few bucks to Adrian Vance to give his e-mail traders service a couple months trial to see how good they be---it looks promising--anything that will
identify rollers for me--will save me that much more time--and I saw they had LBFC on their rollers list ---that should please you.Good luck,Max