1) "PSYCLE SENSE sm": new:

Literally hundreds of stocks are trying to form saucer bottoms ahead....most need a little more work, and 'the 95%' still expect another 1/2-point drop in rartes by the Fed, so room for disappointment still...what I don't get, and is rare, are the occasional 'breaks of recent lows' by some Techs with lots of cash, no debt, established clients and services/products, etc., but we never fight the tape....we should get 'bounces back up to wherefrom the recently brokedown, to sell those into....

Again, buying in bases, close stops wihth no ill effects when cut QSL's, while still always having 'some', vs. no, Puts, near highs, close stops...as I.G.'s rotate....with most recent, and past, risers, correcting, and new groups taking their place....with NO 'links' to any I.R. 'stuff', but being careful all along nevertheless....My 'mtg. refinancing buddy' at Yoga Center says he's been working 16 hrs. daily, 7 days a week....unsure how to read that, sentiment-wise....he did agree with me, that 'mtg. rates may not stay down here much longer, so I'm rushing to get all the apllications through before they rise again'....hence, my not-liking the bond up here any more recently....

2/6 on Multex, Bernie Schaeffer remains cautionsly bearish, citing a too-low 'CBOE volatility index', 'too much bullishness', etc., writing, "there is very little upside and high downside risk"....wish I knew his L.T. past T.R. - because I do not recall him being all that great over the years, but a decent educator with some indicators....and, Harry Dent, who, along with me, was among the very few who called recent Dec. lows and rallies, says, "this rally still looks weak, has gone about as far as it can go....test of NASDAQ down towards 2100 is most likely....we could even have a severe fall to NASDAQ 1450 or so...." But, then, he said, "a likely bottom late Jan./early Feb." - so go figure....and, he wrote that, AFTER that time period ! weird....and, like me, dislikes the Financial stocks from up here, but, unlike me, loves Tobacco stocks from up here....no consistently easily applicable approach from these guys, ay ? 'some' value there, but not a lot....

so, case by case patterns, and not much else for now....

always try to also VIEW charts of the ones we 'just miss' to learn the patterns even further, as they were also given herein specifically as well, yes ? more proof of "PSYCLE sm" power/value....

2) "What's Been Said, and What I've Read":

a) Important Industry Group (Rotation) notes:
1) CNBC, Wed., 8 am, gushed, "next, we highlight the red-hot bank and brokerage stocks".....uh, excuse me ? exactly which ones are those ? the majority remain well off their highs, ay ? where is the SEC ? they did say that Jan. '01 was the best mo. ever for 'investment-grade-debt-issuance' by B-firms....I assume, with I.R.'s lower.... 2) recall, I (alone ?) still see a potential saucer base forming in the yield on Treasuries....you know what that might mean....and, amazingly, 2/3 L.A.T. headline, "bond prices dip as hope for rate cut fades" - as the daily-changing-fickle investors change their mind again - for now....

b) more, misleading, sensationalized, Late, and/or improper/incorrect comments from the Financial Media, Reporters, etc.:
1) reuters, late Mon, "blue chips rally as investors flee Techs" - uh, excuse me ? perfect....they hated Techs just last Dec., and loved them again just last week, yes ? how fickle are theose people ? .... 2) CNBC's Kernan, Thu. 8:05, vastly misled incorrectly, trying to emotionally sensationalize, "BTY, down 10 to 91, chart looks absolutely horrible"....then, CNBC's overemotional reporter gal added later, BTY stock "dropped like a STONE, today !"....uh, excuse me ? ....3) CNBC's Kathleen hayes is maddening to try to listen to and process....she talks SO unbelieveably fast, and always only says two contradictory things, in effect, while I respect her attemmpt, ends up saying NOTHING of D.A.F.P.P.V., oy.... 4) finally Thu., CNBC highlighted FLM, a stock I gave you herein near last year's lows - as usual, only AFTER a big rise, dig ? and only now, pointing out it's relative cheapness fundamentally, yadda, yadda....where were they much lower ? the pattern rarely changes....

5) early Fri., CNBC guy INcorrectly exclaimed, "the Dow is diving by 24 points", and a gal exclaimed Incorrectly, "DELL is getting hammered here, down 1 1/2 points...." and they get paid for this.... 6) I am not kidding, Fri. a gal caller-in on CNBC, 7:50, asked, "with my EMC stock, do I just hold in and pray, daily, or what ?" 'nuff said, more proof of my beliefs.... 7) Fri., 8:11, CNBC's Neal Cavuto actually correctly exclaimed, "all this news seems to be negative...if you were a shareholder and all these analysts missed so many estimates, wouldn't you be upset ?", to "Clueless Joe Kernan" (hey, I kust made that up, maybe will spread ?)

c) more incorrect/misleading/sensationalized, and/or improper comments, from Fundamentalists/Companies, newspapers/magazines, etc., vs. illogical/Contrary/Unlinkable, past/present/future economic items, and/or stock price moves:
1) I laughed when I saw CSCO trade 275 mm shs. on Wed., as potentially beautiful an EVB in 'ignorant panic' as we get....all those bagholders in betwen 70 and 80 last year, yes ? ....and, of course, tons of B-firms, who loved it top, and never protected nor stopped all the way down, finally lowered their ratings on it - at 30....and they get paid for that ? for the umpteenth time, as usual: the 'bad news' only came out AFTER the big price drop others missed predicting.... 2) and, noticing new BS 'terminology' being used by companies and analysts trying to cover their heretofore incorrectness and embarassment - now, instead of syaing, they lowere dtheir eps 'estimates', they will be saying, lowered their 'earnings guidance'....watch for that BS crap, forward....mostly overpaid useless anyway, ay ?

3) Wed. 2/6 L.A.T. headline, "Pacificare earnings dip -82 %" : uh, since when (re-read my 'words' booklet) is down -82 % a 'dip' ? anyway, note, as I have proven countless times herein, its STOCK is UP + 2033 %, even as their 'earnings' fall ! I rest my case.... 4) and I just LOVE that, Fri., Lucent gets investigated by the SEC for 'possible acctg. irreg." - amazing that HUNDREDS of overpaid analysts missed this - and the top, from where only I gave it out herein as a Put, yes ? interestingly, as long as it hold the 14 area, INTO 'worse news", get it ?, LU may shape up as a buy again (I was first/only from 14 to 20 recently herein as well for you , yes ?) ....5) Fri., CNBC had ridiculous Tobacco analyst from Salomon SB on, 8:25, who said, "it all looks real good now, relative strength much better than the SPX, fundamentals are predictable, reliable eps growth, etc." - OK, since their stocks have ALREADY tripled, as I gave out herein from lows, once again, we see perfect "PSYCLE" late stage 3 behavior, as I have been saying recently.... interestingly, even his most optimistic stock price targets are ONLY +20 % above recent highs - making his employment a wqaste, yes ? so what else is new....get it ? WHERE ARE THESE GUYS ANYWHERE NEAR THE BOTTOMS, EVER ?

d) more, likely late, incorrect, and/or misleading, comments, from Brokerage firms, NL writers, Analysts, economists, Money Managers, etc.:
1) at 61.8 %, 30.4 % bearish, CNBC reported Wed. 8:30, that this is now the highest % of Invmt. NL's since 1/87....I question that greatly....but, and, as I hinted recently here, 'the number of stocks above their 10-wk. MA' is now approaching overbt. at 75.8 %....but they did not tell us the % over their 3-wk. MA, which, after the current predicted-by-me-first pullbacks, is more important.... 2) most all B-firms finally lowered their opinions on CSCO, Wed. - at lows - thanks for losing millions of people billions of dollars, with no stops nor teaching them anything of value, guys.... 3) LEH's J. Applegate, supposed top market-guy (oy), on CNBC, Thu. 8:40 am, said, ""with I.R.'s and inflation low, markets will cont. to rise...." which is interesting, and ridiculous, as tons of Techs FELL during those conditions, dig ?

4) amazingly, USA. T. 2/6 headline, "bull market prospects uncertain", correctly said expect aless in future as in past, but then analyst said, "there are limits as to how high PE valuations can go", which is about as worng as any such statement can be....had he never observed Techs, Internets, Commun., Biotech. stocks in recent past years ?

e) more general items proving why one should probably ignore 95 % of everything else out there:
1) a recent larger study in Denmark, which has much higher cell-phone use than the USA, found, as I suggested a while ago, absolutely NO more incidence of cancer using them, than not in using them....the eco-frauds tried to hurt a product incorrectly again, hopefully they will fail.... 2) read great editorial 2/7 L.A.T. on how the FDA has immorally and incorrectly squashed mass useage of substitute food additive "Olestra" (to fat, what red/blue packets are to sugar), in things like potato chips....you may not think much of this, but it is another example of our wonderful Govt. NOT doing what is best for millions of people.... gee, they let tobacco and liquor companies run rampant, then punish this helpful invention....don't get me started.... 3) CNBC reported a recent poll in Minn. showed over 50 % feeling their elected governor Ventura is "an embarassment to the state" - gee, and no one voted for Nixon, right ? an additional truth, is that most all things political are an embarassment to our country....

4) a recent studier of such things, via CNBC, Fri., says that over $ 100 billion, or - get this - $ 1,000 per adult in the USA, has been spent, just on Elec./Heating homes, just in Dec./Jan. period....and, now, Gas comapnies' shortages possibly to consumers, and a big hearing in Calif. Mon. 12 th - if Utils. win, they get to charge consumers for all their (Utils.) extra costs billions.....if Utils. lose the hearing, then Utils. will bust....gee, what result do YOU think will happen ?

So, as you have seen, for years now, how well one does, often, just "doing" the best 'individual' stocks, and rotating Ind. Groups, chart-technically, and sentiment-wise, mostly long-side, while ignoring, or going contrary to, 95 % of all Media messages, and "indexes/averages" comments, from the peanut gallery ? By just getting my output, alone, you do much better, and save time, by not having to even try to "seek, and process" tons of other, useless fundamental info., anyway....and we also help remove potential emotional problems for you, before they begin....

3) Most recent Hypothetical "PSYCLE sm" transactions, to be mimicked, and referred back to:

Always remember to view "1-year-at-least past" charts of everything you can view, herein, along with their 200 day moving averages (DMA's), to "see/learn" the "PSYCLE patterns", and see where/when stocks in section (3) were Hypothetically bought near lows, and put near highs....all % percentage 'Gains' are just logical ESTIMATES for L.T., ITM options, where exist, and/or on Margin, where no options exist....