MARKET INTERNALS

The market has its law.Were there no law, there could be no

center about which prices could revolve, and therefore, no market ---- R.N.Elliot.(1938)

Date: 03/27/01

 

MARKET DIRECTION(TM) : DOWNTREND : DOWN

PHANTOM WEALTH(TM) : VERY LOW

MARKET CRASH SIGNAL(TM) : 70% DN

(At 85% we issue an alarm to all our members with instructions on how to handle the crash)

PIG INDEX (TM) : +85 BEARISH,(Equities trading at 85 times earnings.)

Ideally we like to buy stocks trading at 10-12 times earnings.

REAL FAT PIGS FLYING AGAIN.

SHEEP INDEX (TM) : +950 BEARISH UP( 95 % Investors bullish.)

M.E. Index (TM) : + BEARISH : Tracks Inflationary forces in the US & the World.

CRUDE OIL WENT UP, A SIGN INFLATION MIGHT BE CREEPING UP.

MUTUAL FUND REDEMPTION : VERY HIGHRECORD 15.7 BILLION

PULLED OUT.

15.7 BILLION IN SAFE(YOUR) HANDS NOW

PUT/CALL RATIO : 0.58 BEARISH

VIX 33.19 BEARISH

VXN 69.42 NEUTRAL

BULLS POWER INDEX (TM) 51 %

BEARS POWER INDEX (TM) 49 %

ANALYSTS HYPE METER (TM):

BUY PIGS: 65% -- REC SELL PIGS : 0 % WAIT 35%

TOTAL BLUE MARKET SIGNALS : 2

TOTAL RED MARKET SIGNAL : 10

RESULT : MARKET LOOKS BEARISH

READING THE CHARTS

NASDAQ RESISTANCE : 2000

NASDAQ SUPPORT : 1750

NASDAQ BUY SIGNALS ON 60 MIN CHART: 0

NASDAQ SELL SIGNALS ON 60 MIN CHART: 10

NASDAQ STATUS : BEARISH

DOW RESISTANCE : 9,657

DOW SUPPORT : 9,370,

DOW BUY SIGNALS ON 60 MIN CHART : 0

DOW SELL SIGNALS ON 60 MIN CHART : 9

DOW STATUS : BEARISH

CURRENT SCAM BEING PROMOTED BY WALL STREET: "THE WIRELESS SCAM"

ANALYSTS RATING

DAN NILES("Denials") : (1) INTC BLUNDER REMEMBERED BY ALL.

ASHOUK KUMAR: (0) MOST IGNORED AND WRONG

ABBY "BUY BUY" COHEN : (1) TABLE POUNDING BULL ....

HENRY BLODGETT (0) INTERNET MOST HATED

MARY MEEKER : (1) INTERNET 2ND MOST HATED

JIM CRAMER :( 1) INTERNET FAV. CLOWN

0.- HATED BY INVESTORS USUALLY WRONG.

1.- DESPISED BY INVESTORS, WRONG MOST OF THE TIME.

Send your best and worst analysts and please tell us why.

ANALYSTS ARE PROFESIONAL STOCK MANIPULATORS.

They issue a buy on a stock while at the same time THEY tell their rich pvt. customers and company insiders to sell.

Analysts create 1 million bagholders a day. Bagholding is a very expensive sport.

Some investors are still holding QCOM at 400! what a joke.....

THE DAY AHEAD

Monday 03/26/01.- Hard to say,profit taking in Nasdaq,Dow should rally a bit. Fundies selling the rallies.

Tuesday 03/27/01.- Sorry bulls,a down day tomorrow,unless Greenspan lowers rates again.

Wednesday: 03/28/01.-

Thursday : 03/29/01 .-

Friday : 03/30/01.-

HOME OUR RECORD STOCK OF THE DAY

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