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Tuesday, October 31, 2000: Alright,
for those who are starting to get ancy and
worrying that we're missing the start of the
next big upmove, relax. We remain consistent in
our opinion that we have not yet reached a
turnaround in this market. As a matter of fact,
if we weren't still officially under a sell on
the market (from 9/1), we would almost have
enough bearish signals to meet criteria for a
new sell on the market at this time. We've got
an overall strength factor of 183 (bearish),
which is the strongest we've seen since the sell
at the beginning of September. But again, we're
looking at a strong probability that the next
downturn leads us into the start of a true
prolonged upmove.
Friday, October 27, 2000: Again,
not a lot here, but... We've got sell executes
on both the dow and the s&p for Monday. For
the market as a whole, there's good news and bad
news. The bad news is that over the last week,
we've gotten bearish signals all over the place.
The good news is that many of these signals are
of a type that are frequently followed by
market-bottom level buys. Thus while we are
still expecting many of the areas that have been
selling off to continue that trend, we are also
looking for what is very likely to be a market
bottom here in the near future.
Wednesday, October 25, 2000:
Very little to say here.... We're starting to
pick up a few more bullish signs, which means
that it's likely this downturn will not be too
long lasting.
Tuesday, October 24, 2000: Not a
whole lot to say today... It also looks like we
will be expecting a sell on the Dow soon.
Friday, October 20 - Monday, October 23,
2000: Not a whole lot new to say here,
as we've said a lot already over the last week
and a half. As of Friday, we've started picking
up more bearish signals across the board. As
such, we will soon be expecting a retreat in the
semiconductor and computer sectors (which are up
just under 30% and 20%, respectively). THIS IS
NOT EXPECTED TO BE A LONG TERM CORRECTION. We
are looking for a return to levels close to, but
not necessarily reaching, lows of the last 2
weeks, but we expect that the next upmove will
be prolonged, at least amongst the
semiconductors (we're not quite as certain about
whether the computer sector will rebound as
quickly). Thus, some of those who are already
invested in the semiconductor sector will choose
simply to remain invested. More aggressive
traders, however, would be advised to get out of
these holdings shortly in order to hold on to
recent profits, while enabling themselves to
take advantage of the expected upmove later.
Wednesday, October 18, 2000:
Despite last Friday's tremendous rise, we
continued to stand by our position that the
market was not yet ready to begin a prolonged
uptrend. Surely, had we rushed into investments
soon afterwards, the market would have punished
our hastiness. As individual market sectors go,
we are finally looking at strong to very strong
bullish signals in most areas (see industry
calls section).
Thursday, October 12, 2000: Can
you believe the CARNAGE is not over yet? We
still do not yet have a buy on the market,
although the overall strength factor is at about
150, the strongest it's been on the upside since
July. Internationally, we are also getting
strong bullish signals from virtually all of the
international indices that we track. For those
looking to increase exposure to international
and/or global funds, we are nearing an entry
point.
Wednesday, October 11, 2000:
We're getting remarkably close to getting a buy
on the overall market, brushing against it, it
seems. But we're not there yet. We're teetering
on the edge in terms of volume of signals and
executability, but we can't seem to get there
just yet.
Wednesday, October 4, 2000:
Still waiting for various sectors to line up for
an overall market (tech) buy, probably sometime
in the next week/week-and-a-half.
· November
2000
· October
2000
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September
2000
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August
2000
·
July
2000
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