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To: The Ox who wrote (35127)	1/15/1999 1:37:00 AM
From: Fredman	Read Replies (1) \| Respond to of 95453

But does this scenario play into the ridiculously priced internut stocks ? or us bottom-fishing the Oils, that have MUCH MUCH better financials than the 'gang of 5' (AMAZON, AOL, YHOO, CSCO, LU) ?. Or is this treating the entire market as a 'whole' ?? Does this analyze the OSX at the same time as any Oil stock ? I KNOW what you are saying, but all charts are out the window if the market corrects down in the face of a possibly rising OSX. I think the market is in for a very rough year, as it is finally hitting the executive board rooms that there is a REAL Y2K problem, and the only way to fix it is with LOTS and LOTS and LOTS of $$$$$$$, and this will really tap into earnings, revenues and reserves for this year. I don't care WHAT the Justice Dep't does - MSFT is going to make a KILLING for the next 8 qtrs simply because people have no viable choice....... IMO, of course.

To: The Ox who wrote (35127)	1/15/1999 9:14:00 AM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

E Wave; This is where Technical Analysis potentially ""FAILS" - Don't you all think that ''if'' these very sophisticated and very interesting TA techniques were proven; that someone with some Cray Super computer could analyze and choose the best TA system be it EW, P & F or whatever and just clean house ? Eliminate the need for anything except program trading ??? But, when we get a Brazil; when we get a run of Major Brokerages stop online trading and margin accounts on the Internet Stocks overnight, or wake up to a Brazil, or have GLM yell fire in a crowded theatre in its earnings release, or .... on & on... Interesting, this TA stuff, but where does TA factor the ''instant'' news , or event driven ''flash events'' - such as if OPEC announces out of the blue - new additional production cuts etc., or if Cardoza announces cuts etc. - come in ? It doesn't factor it - , it can't - thats why this TA mania imho; is no more than a potential 25% of the equation on its best day. Fact - the ''Super Bowl'' indicator actually has beaten P & F, EW, Bollinger Bands, Stochastics and EVERY "TA" techniques known to man according to a recent article; as such - I'm rooting for the Vikings and trading accordingly !!!!!!!!!!!!!!!!! Telebras anyone ? - now there is a stock "TA" wouldn't like ..... PS xia - good call on both Telebras & Arco !!! PSS - ALERT to anyone with big brass ones - SHORT Xoom - Childlike CEO just appeared on CNBC - this company is a virtual ''non existant'' business niche - selling customer profile, behavior, and name marketing lists & profiles - I just don't see ANYTHING of value here - this is a crash & burn imho SHORT This one !!!!!!!!!!!!!!!!!!!!!!!!

To: The Ox who wrote (35127)	1/15/1999 9:21:00 AM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

Mike -I agree with Draculich and have been expecting a C leg back down to the October low of 7400, and perhaps a bit below, before the entire correction pattern starting from the july 98 top is complete.One doesn't correct a long 8 year Wave 3 thrust up from 1990 in only 3 months in my view. This is exactly the same type of pattern that i am seeing in the osx stocks---except in reverse. Whereas the DJIA does an A down to 7400 then a B back up to say 9650ish and now maybe a C down to 6700-7500 area, the osx goes up for an A last fall then down for a B, some to new lows, followed by up for a C. The C doesn't have to get to the top of the A for the pattern to be complete.