Cisco Pancho's
Daily Double
Guess what? The NASDAQ selloff is ALL BUT OVER, and I'll tell you why -- we're in TAX SEASON again, and as usual, folks will be selling off equities to pay their tax bills from last year...but instead of selling NASDAQ winners as they have the past several years, they'll have to sell those UNTOUCHED BEAUTIES they hold in the DOW.
In other words, you will see two TRADING FACTORS operating in both the DOW and NASDAQ in opposite ways over the next few dozen trading days:
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The DOW will fall due to the usual tax selloff, but with no NASDAQ winners to sell, we'll see the DOW raided for high-gain issues.
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Although there might be some additional selling on the NASDAQ today and Friday and continuing into Monday, the WHOLE TECH SECTOR on both the DOW and NASDAQ will suddenly rise 30% or more ON ONE SINGLE DAY, due to SHORT COVERING, which occurs whenever the short sellers are convinced they can't get away with it anymore, which is the same day the FED announces an inter-meeting rate cut, which they surely will do.
BOOKMARK THIS PAGE -- Remember -- you heard it here first.
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Harold is a FREE browser interactive game. The only charge involved in the game is the excitment you'll feel when you win -- or if you win ;-)
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Ibert Anderny's
Weekly View
Wallstreet Handicap
My charts show the DOW in a 5800-7800 trading range short term, due to tax selling of bluechips due to battered NASDAQ issues.
BOND sellers will suffer from the FED rates and will be fewer than in past years. Look to 1987 for similar pulse charts.
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Quotables:
If God wanted birds to fly he would have given them wings...
Another Horacism
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Santa's Toy Review
While I'm a big believer in Poker as the game of choice to teach numbers and BlackJack as best for teaching addition,
most parents prefer to use Dominos as a stocking stuffer.
Dominos have been used since the first caveman learned to carve flat rectangular shapes from mammoth bone.
Contrary to popular belief the cavemen did not play Maj Jong. That didn't come along until the invention of the bridge table.
Ask yourself why the little round holes on the domino instead of sensible numbers. Obviously that is a side-effect of 1) cavemen did not have numbers and 2) they used bow drills to create the design.
Just ask any anthropologist, I'm positive they will agree that cavemen did not have Maj Jong. And since they didn't have Maj Jong logic dictates they must have had dominos.
Another thing the cavemen didn't have, which you can easily find today, is Double Twelve Domino Travel Sets. Isn't life in the modern age grand?
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