1) "PSYCLE SENSE sm": new:

As this expected-here-first-only rally begins in depresseds, there are so many bouncers already, difficult to keep up with them, yes ? but we dont want to emotionalize, just normal, relaxed, active, as more proof that taking a little time each day to read and do stuff from my missives is well worth the small effort, as we are still kinda hot, or at least warm, giving out still more depr. Techs. buys well again just recently for you....So, we are getting many new longside bouncers, techs, comp., telecom, wireless, utils, energies, financials, even depr. retails, etc., already, again....i am always glad to be of near-constant aid to others....

aren't you glad you bought some of my depresseds this week ? as usual, i was among the first few to suggest accumulating them near recent lows, as 'the 95 %' continued to get more illogically bearish....of course, also got some more pb's, early Wed. & Thu., as they kept 'the 95 %' guessing and unsure, esp. with Greenspan talking, and more Enron crap....these may actually have helped potential L.T. H & S bottoms form, as I have been saying recently,yes ? are you learning the patterns ? if not, why not ? and, even as we incur some QSL's in some Puttables, vs. Gains in others, many remain exploitable, yet I still see almost no one taking advantage....oy....

that said, accepting normal fits and starts, as usual, one must continue to buy my mostly-longside ideas to do one's best, of course, and I should remind you again that the 21-day avg. of the CBOE's P/C ratio was up to 0.744 yesterday, one of the highest (pessimistic, and therefore potentially bullish, yes ?) levels, since 1990, wow....only exceeded by the post-9/21 reading I was among the very few to predict great bottoms from herein, yes ? so one must be vigilant, stay the course, buy my stuff diversified with stops below, and relax in confidence....

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) *** as previously mentioned correctly herein, a view of 30-months-back 10-and 30-year T-bond charts, shows rates remain in a L.T. decline - and, if economy weakens anew, may brealk recent consolidation-shelf, and get back down to last Fall's lows ? well, I'm not ready to predict that, no....but the T-bond charts look similar to - get this - the NASDAQ index chart ! hmmmmm....so, buy on a pb, for all, dig ? ....2) I normally eschew fundamentals, but recent Barrons analyst from Thomas Weisel partners, correctly likes JBL best of all 'contract mfg. stocks', citing, "gaining mkt. share with large customers like Cisco, and assing new customers like, Agilent, NOK, QLGC, Tellium, etc., there has been a pick-up in orders and new-product development for routers, storage, servers, and capacity has been cut by 25 % or more so far...." he expects 'steep profit growth forward"....I see a base forming around $ 15, will you catch it ?

3) looks like I was, as usual, among the first/only to give out some depr. Beverage stocks from lows herein, continuing my long string of such I.G. predictions, you're welcome....KO, PB, and, CCE, KOF, RKY a while ago, etc. ....4) but a couple of Gaming stocks aborted budding puttable patterns, no damage, but, with allthe Gains I give you, were QSL's....no sweat.... 5) and do recently-loved-by-others-late, added by me puttable Gold stocks, look like they are forming H & S tops, S.T. here ? ....5) even most of the Financial depresseds I gave you are rising, neat.... 6) hey, looks like that DISH/GMH 'special' trade is already a winner, you're welcome.... 7) I should have known that RAD would rise again, as just like last time around, when no one would buy it either, no one would give me deserved respect this time either....the pattern rarely changes....

8) note pops among EVB-wireless-telecom-tower-equip. stocks, i was, as usual, the first/only to suggest herein....we caught some, and just missed some, but more proof of the value of my concepts/timing, yes ?, as i still expect plenty of mergers among them and other Techs, forward.... 9) ditto with Utilities, with their easy-cheap calls where suitable, yes ?, as i was, as usual, the first and always the only guy to properly give out as Buys near lows, for you....you're welcome.... 10) while we missed the sideways-base in the SMH, i wonder why some of my people did also, who normally play the index swings.... 11) I have, of course, made you a lot of money over time in Financials, long and short-side, and recently longside....now some puttables are trying to breakout above resistance double-tops, ao am watching closely....

b) more, misleading, sensationalized, Late, and/or improper/incorrect comments from the Financial Media, Reporters, etc.:
1) in an obviously massively surpring development, evidently So. Calif. R.E. had an all-time record-sales month in Jan., pent-up demand after 9/11, still-low I.R.'s, low supply, but this was just 'sale', which could be high because people losing jobs had to, dig ?, what blew everyone away, was that PRICES also rose, like + 10 % in one months, in some areas !, yikes.... 20 and, weridly, Thu., our Govt. ann. that "the economy actually GREW, +1.4 % in last years' 4th Quarter....Recession ? what recession ?", to which I reply, poppycock, of course....

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) thisheadline was amazing: 2/22/02, L.A.T., "Treasury SEcy. O'Darvasl asks Japan to fix its economy".....saying, "we need quick, decisive action from them now, so as not to undermine t a global recovery"....gee, they have been down for 10-20 years, and did not 'threaten USA much, counter to what 'they' all said (but not usme, of course), yes ? anyway, so, I am sure Japan will get right on it, just as they have the last 10-20 years, yes ? ....2) recent headline, puxzzlingly misleading, as usual: L.A.T., "Recession may be one of mildest on record" - oh, yeah, tell that to the multi-millions of people the last 2-3-years who lost it all, ay ?, and the tens of millions of middle-class people, still, with very little....hey, the pattern rarely changes, right ?

3) very interesting editorial LAT, T. Friedman, about how, Saudi Arabia's growth and fiscal situation has continued to worsen, UNreported generally, dig ?, like, their per capita income down from $ 19 K/yr. in 1980, to $ 7.3 K now, and, how, their 'zero family planning, and easy access by foreigners emigrating into S.A.", and has balooned from pop. 7 mm to 19 mm since 1980, straining their system, which has historically paiud for all sorts of stuff for all their citizens (uh, that's why they moved there, dig ?)....much higher unemployment, and overcrowding, infrastructure needs unmet, and 40 % of their pop. is - get this - under age 14....God forbid they would EDUCATE (sound familiar) their people for the future, properly, dgms....the last quote, "the problem is tons of young men who are unemployed, have no achievement motivation or ediucation in any work areas of aid, going nowhere but the mosque every day"....he said the USA still has a vested interest in S.A., so what now ?

4) and so it continues, recent LAT headline, "more bad news on budget deficit", as California's stinks and worsens, as I predicted....and 'supposedly independent' analyst Eliz. Hill sees a coming state deficit of $ 17 B., vs. Gov. (dgms) Davis' est. of 'only' $ 12 B., dig ? she sees lower revenues, regardless, forward....and Davis 'plan' (dgms) assumes future surplussees to pay for a ifx now (dgms).....maybe I should move outta Calif. before this worsens real big-time ? we shall see.... 5) and, now, when we really need CHina to get better and 'save us all', recent LAT headline, "Scandals place global spotlight on Bank of China.... questionable loans, many thefts, questions ability of the new WTO member to address problems." 'nuff said....well, I see saucer bottoms forming in more than a few China stocks, so probably will work its self out for us, L.T.

6) recent headline, "S & P ups foreign credit debt rating on Mexico", a pretty good smooth move, rare for them, as it now makes mexico, a N.A. ally supposedly, or ours, more of a destination for some helpful institutional money, dig ? semi-kudos to S & P, for once....the Mexico stock market has been rising recently in anticipation, as usual....most others are down, of course, dig ? gee, yet I heard not one single major Finl. Media person even remotely getting bullish on Mexico a while ago, did you ? as usual, the big-boys missed it....and they still get paid all that money ? the pattern rarely changes....

7) my last item fundamental-accounting-wise, from recent Barrons correct article, Bill Alpert, 2/15, citing, "when companies pay employees with stock options instead of cash, the firm still incurs an expense, because of dilution of co. assets....by leaving that 'present/future cost' out of earnings reports, firms OVERstate their profits....a recent BSC study says many Tech. Co.s eps would have been lower, like 50 % lower for many...." Like, MSFT, HWP, AMCC, BRCD, BRCD, XLNX, etc., yikes....perhaps the worst has already been factored into them ? we shall see.... 8) and, my buddy who gets hired by Tech. co's. to train people said his recent paid class enrollment reached a 'breakout high' recently, more evidence that 'the bottom is in' probasbly among techs, good for us buying our busted-tech. stocks near lows, ay ? or will people miss them yet again unnecessarily for no logical reason ?

9) and, in their continual bad news/good news, now, the cellular phone companies are screwing conusmers evenn more, in their semi-oligopoly, by making-later, the time (from 7 pm to 8 pm, and now, to 9 pm) when their supposed 'free nitetime (used to be called evening, remember ? dgms) minutes' kick-in for subscribers....they should be punished.... 10) and in his questioning of Greenspan, Wed., a senator correctly pointed out, as I mentioned herein correctly a while ago, the MANY crucial industries nationwide, which have become semi-monoploieso or at least oligolpolies, to the pressure anddetriment to us all....i was very disappointed that Greenspan sidstepped an answer....I guess, as i was as usual first to predict herein last year after 9/11, his glory-days are indeed over....

d) more, likely late, incorrect, and/or misleading, comments, from Brokerage firms, NL writers, Analysts, economists, Money Managers, etc.:
1) wow, after getting undue-as-usual death threats when I correctly was first to expouse about him and his stuff years ago, I was surprised, but not really, to read recent headlines all over, saying, "FTC says Wade Cook is still misleading investors....also accused of failing to refund millions of dollars to seminar attendees, as required in a lawsuit-against-him by the U.S. regulatory commissions, as per a settlemnt going back to 2000.... continuing unsubstantiated claims and/of returns, etc....the FTC seeks civil contempt citations....there has been serious consumer injury here....he also guaranteed 20 % every month returns....about (get this) 50,000 attendees each paid $ 3 to 5 K per seminar (yikes, that's min. $ 15 to 25 mm to him), and W.C. still has yet to deposit the agreed-upon min. $ 5 mm into a 'refund acct.' to date...." Gee, who was first to foresee all this while on my KWHY-tv shows and in my past NL ? his co.'s stock closed at $ 0.19, down from $ 8.00, where I called its top, recall....he should have hired me when I offered, ditto Wm. O'Darvasl, Jay Abraham, the F. for the S. of Cycles, etc., etc. - I would have saved them all from bad karma, ay ? next....

2) hey, Goldman, Sachs, just let go almost all their semi/chip analysts - of course, as per my "PSYTCLE sm", this should be bullish L.T., after more pb's, yes ? regardless, it again proves our 'analysts mostly stink' concept, yes ? ....3) B. Schaeffer remains super-bearish even as he acknowledges the P/C readings which are real bullish impending....he keeps pointing to the 'bearishly-low VIX, volatility index readings", but he has been saying that even into nice rises WE catch/predict, which HE has missed all the time, so I now wonder, if that VIX is lonsing some of its predictive value, dig ? ....4) and Mary 'semi, usual, "PSYCLE-wise, 'flash-in-the-pan-as-I-was-among-the-first-to-predict-from-her-high-herein recall', Meeker, was in the news for the 1st time I can recall in quite a while, Thu., going newly bullish on EBAY around $ 50-52,

e) more general, political, misreported items proving why one should probably ignore 95 % of everything else out there:
1) hopefully, my last mention on this subject for a while, I trust, as 2/22 L.A.T., cited follow-up of recent AIDS/HIV declines which I was first/only to predioct years ago, etc., headline, "High False-positive results, experts say of HIV tests",EXACTLY as I first discovered and publicized, years ago to deaf ears as usual....this, on top of the less-than-50 %- of-money-raised- to-supposedly-find-a-cure, actually going INTO such research (dgms)....now, in this new article/finding, many MAMMOGFRAM results are also false-positives....if I were a 'conspiratorial' guy (and I am not, but), one might again wonder if the 'fix' has been in on those nice people as well....what a shame....with many questioning that test's value (I am not)....plus, the whole Tobacco crooks thing, ay ? the pattern rarely changes, huh....rats.....

2) and now, Calif. Gov. Grey (dgms) Davis, a truly dangerous misleading politician (not an oxymoron), now backs off eliminating the MTBE-removal from our gas....dgms on THIS subject, as I have knwon the 'truth' about this one for years now...there has not been one single positive result with MTBE, for 33 mm people, to date....and someone is paying him off again, oy....and the state of Calif. itself now wants to break the ridiculous energy-buying contracts they signed earlier (which I was among the first few to report here at that time, were stupid, recall), "because gas prices have fallen so much"....where will it end ?, none of the system is good....HE and his cronies actually are hurting Calif. even more, and upsetting more Energy co's., who will not want to do business here, dig ? amazing....'nuff said for now....

3) best headline I read recently, L.A.T.: "Modern Biathlon: skating and whining...." 4) and, heard interesting comment by senator K. Hutchinson, Texas, in the Enron hearings, "what is Enron doing for the thousands of loyal employees who, whether still working there, or let-go, by law, are 'unsecured creditors', unfortunately the 'last in line' for any dwindling coporate assets, not even being able to receive the pension monies and guarantees or pay they are/were entitled to ?, not to mention they were prevented from being able to sell their shares in Enron at higher prices...." Gee, I never realized 'employees' were/are 'unsecured creditors' to every coorp. ever ? hmmmm....seems a little unfair, ay ? ....5) that K. Hutchinson, Texas, above, seems sharp, suggesting that 'auditors' not also give direct investment advice to that same corp. - but, of course, the Enron CEO continued his possibly-lying, and certainly 'seemingly not really caring all that much about them' attitude, by not even caring about employees badly affected by all this - as he enriched himself, etc., 'nuff said....

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....'negligence' is relative, and putting even more pressure on just one person, the CEO of every co., is unfair to them....and, BTW, the aging 'U.S. treasury sec. Paul O'Darvas' interviewed, should really fix his very-loose dentures....man, the guy is supposed to be a pillar of society, and has full dental coverage, for free....shouldn't this appearance be perfect ? dgms....

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....