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<DIV><FONT face=Arial size=2>Key support levels are not broken on the Nasdaq, we
still have higher lows.</FONT></DIV>
<DIV><FONT face=Arial size=2>Until these levels are taken out, I will not short
the index futures.</FONT></DIV>
<DIV><FONT face=Arial size=2>Instead, I am short a ton of individual
stocks. The advance/decline line is heading steadily lower,</FONT></DIV>
<DIV><FONT face=Arial size=2>clearly indicating the fact that more stocks are
going down than up. It's a numbers game,</FONT></DIV>
<DIV><FONT face=Arial size=2>diversify, and short a basket of stocks, each of
which is in a clear downtrend, use trailing stops, and take profits on large
overextended drops. This recipe has worked well so far for me. Can't
wait to short the Nasdaq index, US dollar index.</FONT></DIV>
<DIV><FONT face=Arial size=2>Am </FONT><FONT face=Arial size=2>short a few US
T-Bonds. Blurting that it is 'a buy signal' for a index based on
nothing but gut feel opinion does nobody any good, CNBC is a great source for
such nonsense.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom
Perrino</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 22, 2000 5:17
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Buy Signal Given on
Nasdaq</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>You sound like you have been a regular quest.
Perhaps you can tell us when to go long or short the market.</FONT>-----
Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:jptaylor@xxxxxxxxxxxxxxx";
title=jptaylor@xxxxxxxxxxxxxxx>James Taylor</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 22, 2000 4:35
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Buy Signal Given on
Nasdaq</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>Buy signal on the Nasdaq huh ?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>You should be on CNBC, as a special
guest.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom
Perrino</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:<realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>mailto:<realtraders@xxxxxxxxxxxxxxx</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, September 21, 2000
8:53 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Buy Signal Given on
Nasdaq</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>The rally by the Dow Jones that occured today
and that I I referred to in the post of 9/20 was very weak and not the
strong rally that should result from an extremely oversold condition .
This coupled with the fact that the Dow Jones failed to give a buy signal
to confirm the buy signal given on the Nasdaq and the overreaction on the
Intel warning does not bode well for the market. A waterfall decline
that could carry into next week is a very probable scenario.I was very
carefull in highlighting the importance of a buy signal by the Dow Jones
to validate the Nasdaq signal.</FONT></DIV>
<DIV><FONT face=Arial size=2>The Intel Warning will be the straw that will
terminate ? the slide that started on 9/1/00.I call the shots here as they
are and not as I would like them to be.It's ironic I went long intel
today.</FONT></DIV>
<DIV><FONT face=Arial size=2>Regards,</FONT></DIV>
<DIV><FONT face=Arial size=2>Dom</FONT>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom
Perrino</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, September 20, 2000
7:58 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Buy Signal Given on
Nasdaq</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>A buy signal was given on Nasdaq as of
close on 9/19/00. QQQ(Nasdaq 100 Trust) confirmed buy as of close
today(9/20/00).</FONT></DIV>
<DIV><FONT face=Arial size=2>Dow Jones has not yet given a buy signal. A
close by the Dow above 10825 is one of the necessary elements. .So
watch for that figure. If my other indicators confirm I will post the
buy signal on the Dow if and when it comes.One of my proprietary
indicators of the Dow still does not look good. The Dow is extemely
oversold and a good rally could ensue at any time.Act
accordingly. </FONT></DIV>
<DIV><FONT face=Arial size=2>A buy signal on Nasdaq not accompanied by
abuy signal on the Dow Jones calls for extra caution even if one trades
Nasdaq only.</FONT></DIV>
<DIV><FONT face=Arial size=2>Remainder: Although the signals rendered by
various technical indicators are quite reliable. We have to remind
ourselves(yours truly included) that no indicator(s) are infallible nor
can they predict the markets with certainty.Therefore we must all
proceed with caution. </FONT></DIV>
<DIV><FONT face=Arial size=2>Dom.
</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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