1) "PSYCLE SENSE sm": new:

Buying more depresseds which have not breoken down, and 'Putting' extended 'yesterdays news' issues.... and, in a potentially good thing, Pisani, Fri. today, 7:33, said, "even as "DJUA dn - 173, and DJTA dn - 95 today, I hear that many floor traders are covering their shorts....everyone is waiting around for something good to happen....tons of money on sidelines, institutions, funds ....little interest...." And here we are before another weekend....so, once again, expect trading bottoms today, Mon., Tue. Again, dipping toes in more, and holding more Puts, simultaneously, in different groups....remember, 'the bottoms' are likely to occur, ON 'new lows', as they are not gonna make it so obvious/easy for millions of other people....but not for us, right ?

Of interest, I did some research, using NYSE/NASDAQ 'margin balances in customer accounts' figures recently published, going back to Jan. 1997....I found that, near swing highs, the 'margin balances' were much more than 'other cash balances' in those accts., by over 3-to-1 ratio on the NYSE, and 1.5 -to-1 on the NASDAQ....and near bottoms, that was reversed....Recently, the figures show less than 2-to-1 on the NYSE (kinda lowish), and 0.65-to-1 on the NASDAQ (ditto), which says to me, much of the damage really has obviously already been done, and not to expect too much more, as most everyone gives up, here....But also, that customer accts. are about as bad as they historically get, with respect to margin calls, etc., and do NOT have 'tons more risk for additional margin calls' from recent lows on stocks prices, espcially in Techs....Meaning, we are now, formally, pretty-much washed out, and, there will probably be a lot less selling from here, dig ? Obviously, NYSE stocks include many huge non-techs....but even that ratio is much improved from last years' predicted-herein-among-the-few-who-did parabolic highs....This, I feel, means we are near at least the beginning of the end of the momentum of declines in many depressed stocks....

Again, my 25+ years experience, and sentiment readings, say, one must continue to dip toes in longside in non-broken stocks and EVB's and double-bottoms here, and soon, with close stops, and not figure tons more 'doiwn gaps' from, say, next Tue., on....while still holding a few more Puts on extendeds, regardless, and just in case....just my 2 cents....

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) along with recent predicted Steels, Chems, Golds, Metals, note continuing strength in Paper stocks I was, as usual, the only/first to give out herein from lows....all 'basic' industries....NO one else around is/was on to these, still yet.... 2) proud of having given you some Energy winners regardless, but some Energies potential Puttables were taken off list recently, minor new breaks of patterns, no damage.... 3) watching Foods, Apparel, Retails, as they must weaken anew or else....and, as I recently intimated, 'if' one 'links', wouldn't this bode well for 'the economy', and/or NO huge-new-bear-market ? and, Insur./Banks right on edge, some Puttable, others iffy....< 4) and, still, as intimated, the T-Bonds have yet to break out/up, even with the stocks drops elsewhere....

b) more, misleading, sensationalized, Late, and/or improper/incorrect comments from the Financial Media, Reporters, etc.:
1) ....

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) l....

d) more, likely late, incorrect, and/or misleading, comments, from Brokerage firms, NL writers, Analysts, economists, Money Managers, etc.:
1) and, almost perfectly, and shockingly, Sanford Bernstein and Prudential, both finally downgraded the 'chip' stocks - right at their recent lows, as usual, after loving thgem from highs, etc. amazing.... 2) John Burnham, on CNBC Thu. 7:47, had reporter-gal gushing, "wow....he invests in companies growing 15% or more a year !" - wow, be still my heart.... 3) Thu. 8:20, CNBC's overemotional gal reporter, gushed, "with nothing looking good equity nor bonds here, is there ANYWHERE anyone can put their money here ?" another bottomy comment after big drops, as usual, of course....and, still NO one even relmotely mentioning shorting/puts, etc. - while two more ignorant analysts on, now bearish of course, after being bullish much higher as usual, cited a supposed "enormous connection betwen the NASDAQ and all other markets and groups worldwide", which is, of course, patently, false....Techs and 'other' stocks, have moved opposite, many times in recent past years, no need for me to elaborate....

4) a late-as-usual analyst CNBC, Thu. 8;56, only now likes ANF, saying, "they finally are doing well..." - perfect "PSYCLE sm" comment up here, ay ? gee, who was the first/only to give it out herein right from lows last year ? ....5) Abbey Cohen, bullish all the way down the last year or so (and farther back), just said to go from 5 % cash, to no cash....she is correct from now, of course, but held too many longs on the drops with no educating her milllions in audiences on stops, IGR, or hedging, right ? and she gets paid tremendous money for what ? ....6) Fri. CNBC today 7:25, S.G. Cowan's Charles Pradilla, one of the few who said, last year at NASDAQ 4000 "we (econ.) will slow....", then, he gave out RDA, CSCO, AOL, two of three are WAY down (so why listen to him now ?), and now loving BA, PFE, CRA, AOL....

e) more general items proving why one should probably ignore 95 % of everything else out there:
1) in accordance with normal PSYCLE teachings, shame on the financial and Media industries, for, recently, 'talking-up/sensationalizing/scaring' millions of people they never even remotely helped at last years highs, about supposed future stocks and economic problems, etc.... 2) for the umpteenth time, as Bill Seidman correctly said on CNBC, Thu. 8:22, 'lower I.R.'s alone', mean NOTHING for future potential growth in our economy...Japan's rates have been super-low for years, yet they remain in recession, yes ?

3) CNBC's weather guy, Fri., said, Nov.-Dec. was the COLDEST in U.S. in 100 years (except for Calif.) - hmmmm, nice 'global warming, ay ? not....

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....