1) "PSYCLE SENSE sm": new:

The CNBC reporter-gal on the floor last Fri. said all traders were depressed - while euphoric just the week before, after the Fed rate cut - perfect, expected "PSYCLE sm" behavior.... so, after potential additional weakness early Mon. and/or Tue., should have more bounces and buying opps again....

As I suggested last week, the NYSE, 10-day A/D oscillator WAS Indeed too S.T. overbought, and due for normal corrections....BUT - the last few times, after those corrections, we had nice rallies again, as I also hinted recently, might be the progression, dig ? But, viewing the new charts last weekend, if I didn't know better, I'd be shaking in my boots, S.T. only....the NASDAQ looks/looked like a precipice....boy, are we on the edge right now....but I will lean a little more bullish, on those stocks which have not broken budding patterns - while still being in some/more Puts regardless....all with close stops where practicable.... Remember, it is more important to be IN a bunch of depresseds and some Puts, with close stops, than not....

unusual OEX/QQQ commentary: Bernie Schaeffer did a VG study going back to 1987, on the CBOE's volatility index (which I mentioned previously eherin) "VIX", vs. future price moves....he found several instances where, after a top-and-drop, the VIX tended to rise a lot spike, providing a "V" bottom S.T. on too much put-buying-fear, then index rose after nicely - every time....I refined that, by trying to buy after the 'second bottom retests' after the initial V bottom, better....BUT - for the first time, the Dec./Jan. bottom was NOT accompanied by that pattern - but I still gave out tons of S.T. winners herein, of course....so, my asumption is that the next set of lows should do so for us, so watching for those opps for you....you should read his study when you get a chance....pretty good work by him....

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) of interest, the first 2 new IPO's in quiote a while, of - get this - ENERGY stocks, barely rose recently....as I said, was/is too late for them....where were the Energy IPO's 2-3-4-years ago ? ....2) Bloomberg, thru the L.A.T. 2/7, "concerns over slowing US economy steal momentum from emerging-markets rally", is true....as I was, as usual, the first/only to give out 'foreign' stocks from recent lows, as expected, the Euro has risen, as the US dollar has pulled back....and prices of foreign bonds have also risen nicely.... 3) also note added more Food, Consumer, Medical, Retails, Building, Energy, Insur., Banks, as Puttables in section (7) below....hmmmm.... 4) the 10-yr. T-bond chart is improving slightly S.T. only, all-of-a-sudden, kinda unexpected by me, so watching closely....its yield must still fall under 4.9 % to abort current pattern, so we shall see, but when/if over 5.22 % then 5.35 %, would cement higher rates still....

5) as usual, I will take credit for being the first/only to give out depr. Steel stocks herein from lows for you....and, as usual, I could not entice anyone to buy them, because 'they have no sexiness'....the pattern rarely changes.... 6) and, as expected here, note renewed drops among some of our Utils. and Energy Suppliers, like, EIX, PCG, CPN, AES, DYN....and, remember, a good number of extended Energy stocks remain Puttable here....

b) more, misleading, sensationalized, Late, and/or improper/incorrect comments from the Financial Media, Reporters, etc.:
1) 2/6 L.A.T., "are techs cheap enough ? faith in growth potential shaky....investors' increasingly dim view...." yadda, yadda....this from the same poeple who reported glowingly super-bullishly at the tops, as usual....correctly questioning whether new 25-50 PE's are 'better' than p[revious 150-200 PE's in Techs, they, as usual, ruined things, by, at the end, writing, "the higher the PE, the greatewr the stock drop in disappojntment", which as you know, is historically UNtrue, and incomplete at best....what of stocks of companies LOSING money (re-read my booklets !) ? and, THOSE stocks usually bottom and RISE, even as 'news/earnings' fall, right ? next....

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) potentially fundamental 'news' from 2 rare recent losers: a) evidently, only after drop from 135 to the 6 to 14 range, nine Insiders sold $ 7 mm of INSP stock kinda recently....most sold their entire position, and all left the co., and, b) at $ 6+ on 2/8, some analysts are saying KANA is a prime takeover candidate, with the resignation of their pres. and V.P., etc., yet with such assets, etc. - we shall see in both....Of interest, someone said the INSP sellers needed $ to pay for exercised options from last year (which I mentioned herein a while ago, remember ?).... 2) as expected predicted here first, recently, now, 18 huge NYSE companies have now announced layoffs, totalling about 108,00- people, so far ! wow....

d) more, likely late, incorrect, and/or misleading, comments, from Brokerage firms, NL writers, Analysts, economists, Money Managers, etc.:
1) recently, CNBC had head guy at UBS Warburg on, who loved: THC, APA, CHKP, JNJ, EPG, from recent highs, and still....the pattern rarely changes.... 2) Fri., Multex finally goes super-bullish on WFT - at 54 - the pattern rarely changes....calling it - get this - "the most recommended stock on Wall St." ....and you know what THAT likely means ahead soon, yes ? ....3) conversly, a ton of firms finally lowered their opinions on EMLX - Monday, under $ 40 - when I (alone ?) had given it out herein as an abovious double-top recently.... 4) in a very rare item, Bloomberg/L.A.T., 2/10, "Generic-Drug makers' share prices vastly overvalued, two analysts say", lists, BRL, IVX, ANDX, MYL, AZA, as 'sell' ratings recently, saying, "they are commodity compnaies easily competeed with"....kudos to them, regardless of future....

e) more general items proving why one should probably ignore 95 % of everything else out there:
1) our Treasury is actually talking about stopping all future issues of 30-year T-bonds again....what do YOU think about this ? Japan has 100-year bonds....and it might make already-issued Bonds relatively a bit more valuable if and when.... 2) i admire the early courage of researchers now coming out with evidence that Tobacco companies knew exactly what they were hurting, etc., years ago....took some real brass-ones back then, and still.... 3) now Calif. files lawsuit that fuel companies conspired to hike priices....gee, what a shoock both ends of that are....not....by hoarding supplies late 2000, companies like EPG got huge price rises, of course....as usual, everybody blamces everyone else all-around....fact: much of all this WAS indeed contrived/created to an extent, they have evidence of big meetings and collusion, late last Sept. 2000....boy those people sure were geniuses - perhaps they should run the rest of the country, ay ? anyway, EPG now suplies gas to - get this - 70% of the USA....hmmmm, no antitrust/monopoly there, ay ? great political ewatchdog system we have....just as bad with energy, as with Cable, Airlines, FDA, Tobacco, Liquor, etc. Next....

4) while everyone else jealously slams Calif., evidently while California's pop. has increased 16 % since 1990, its' Elec. consumption 'only' rose 11 % --- intersting, huh, and NOT a damning situation, compared to what 'the edia has been intimating, ay ? re-read my booklets.... 5) edictorial, L.A.T. 2/10, "the rich deserve that bigger tax break" is accurate....contrary to most everything the Media puts out, according to the IRS, the top 1 % of earners pay - get this - 34 % % of all personal taxes in the USA....the top 10 % pay 63 % of all taxes....so there, take that, liberals....oh, and the bottom 50 % of wageearners pay - get this - only 4 % of all taxes....its just that the 'raw amounts' are obviously larger, in both directions, simply because their incomes are much larger, dig ? and,, as I have been saying for decades, the 'wealthy' run most businesses, create most jobs, invent things, etc. When stock prices are way down, no one says, 'poor business owners, they just lost X dollars...." , do they ? They only slam them after big stock price rises, yes ? The problem is, IMHO, that ALL our taxes are too high, with the Federal budget now 17 times more in value since 1960, and non-discretionary Federal spending, in a year or 'near-zero-economic-growth', is still set to jump another 13 % this year ! (why ? politicians and spending....don't get me started), seems the Democrat Pols are just envious - even with so many Silicon V. and Entertainment Dems among the biggest earnmers, dig ? As bad/good as the situation is, the 'rich' still pay a ton of taxes, especially with the AMT....The less taxes they pay, the better the corporate economy may be....The entities who should cut, are all Govt. places and spending....

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....