To: SMALL FRY who wrote (34978 ) 4/20/1999 9:05:00 AM From: debra vogt Read Replies (1) | Respond to of 120523
From Clearstation, FWIW: 'kensey' has recommended CNET (Long) 'kensey' said: I actually heard someone say today that the market is a zero sum system? For each dollar gained a dollar lost? For each dollar my account is up this year, someone else's is down a buck? That doesn't make any intuitive sense. How then is wealth created? Tomorrow should be the last gasp of this most recent megaphone wave of selling. Stocks should continue to slide in the morning for all practical purposes as there was such an imbalance at the close that I'm sure the garage door slammed on someone's toes. So there is probably more selling to be done. Not sure when but tomorrow we should see the lows. If the market opens and heads straight down, look to buy when it arrests. This probably won't happen - too easy. If the market opens fractionally and hangs there tentatively for a bit, wait for the fall. If the fall doesn't happen, buy small and wait. Buy a bit more if it becomes persistent. But if it fades, you want to buy off that drop. In any event, you want to look to be a buyer. Stocks definitely are correcting faster than they used to. This 'time speed-up' makes sense and is a most welcome event. Rather than that 'things' are getting more bubbly, it's more that things are simply getting more efficient. Anyone talking about bubbles bursting is either not a trader or is a poor trader. In any event, this individual just doesn't get it. As the technology of placing and clearing trades gets better, faster and quicker it makes sense that the dry heaves of the market blast forth more rigor. This isn't endemic of a 'bubble'. It means that we've arrived. Or evolved. Finally! The biggest problem is getting pages to load fast enough and getting emails dissed out fast enough to feed to swarming masses. At current time, the online brokers are faster than the current content providers. Case in point is the shards of my recommend list. The effort will be on entry. Exit simply happens way too fast. But to the boards of these stocks it's 'hoppity-hop'. These slimmed down pages 2B released soon for your re-loading pleasure! What do people want out of 'online message boards'? Speed or glam? (glass of water) These cycles repeat. The brokerage group is a good one to look at. The exact same thing that happened today happened in early February. That was only 8 weeks ago. Pre-split Ameritrade went from 135 (Feb 4) to 60 (Feb 10) across 5 trading sessions for a 53 percent drop in price. Here we have gone from 188 (Apr 14) to 84 (Apr 19) across 4 trading sessions for a 55 percent drop in price. Other shares in group did something similar said. Stocks held the 50 day EMA. That should be the case here. As the megaphone gets wider so do the cycles. But it is pointed up. The big difference came in the time it took to build it up. 'Time speed-up'. Bigger. Faster. Build it up. Tear it down.clearstation.com The trend still points up. Instead of a set of stairs at an angle its more a megaphone at an angle with the rise and fall of peaks getting more vertically significant. kensey See the annotated graph of this recommendation at:clearstation.com +-+-+-+-+-+-+-+-+-