1) "PSYCLE SENSE sm": new:

The poause that refreshes, coupled with Puttable opportunities, and continued I.G. rotation, while Techs remain buyable near lows, etc. In other words, nothing new....As I figured, the NYSE's A/D line has a S.T. only double-top, as does the DJIA itself, and the NYSE comp. index was/is at its 200 DMA, dig ? the NASDAQ was/is also at resistance S.T. only, so all in synch to downside - but don't expect much.... and not from all I.G.'s, right ? and we never let that prevent us from buying Longs simultaneously, yes ?

of interest, recent Barrons had table showing the annual 'trading turnover' on NYSE stocks, rose from 48 % in 1995, to 88 % iin 2000, and t/o on NASDAQ rose from 111% in 1995, to 316 % in 2000....both numbers will likely fall, IMHO, from here....which may be a good thing for marketplace, L.T.

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) since I was certainly the first/only to go bullish on depressed Telecom stocks herein right from their recent lows, let me be the first to go less bullish on them very recently after their initial nice pops.... 2) and, amazingly (see below) B. Schaeffer's NL, only last Thu., finally went bullish on Gold stocks - late/high, as usual, again, amazing), citing 'oversold oscillator readings' - but from only months ago, when, of course, he was NOT bullish, dig ? and, the 'well-funded or else would not exist' "Option Advisor" NL, also just went bullish, late, etc. the pattern rarely changes.... 3) meanwhile, tons of Tech. stocks have formed 'handles' after having formed predicted-here-only saucer/cups....should be interesting from here, the nature of pullbacks and eventual higher breakouts....

4) note, added more Financials/Mtg./Banks (especially Banks - I.R.'s, dig ?), as Puttables, even as 'the 95 %' plan on much lower I.R.'s, dig ? ....5) I also am the first/only to add somne Drugs and Homebuilders, as potential puttables.... 6) and, might Tobaccos and Energies and Retail/Clothing/Shoes, all be 'fobo's ? and, Biotechs/Genetics/Medicals ? ....7) and, note, some Golds which did not breakout, should have been sold, as well.... 8) but I did also add some still-depressed Energy stocks as longs.... 9) recent Barrons, exactly as only I suggested, said that appraisals of the Semi. ind. chip pricers, etc., may be more 'hopeful than realistic', and that THE bottom may still lie ahead....of course, as you have been taught, their STOCK prices (two diff. things, right ?), may not go to new lows, and, as with April, will rise again, BEFORE chip prices take off again, dig ? the pattern rarely changes....

10) and, not only have I already given out many very successful Energy LONG ideas from dfepressed levels herein, in the last year, I am still finding some around here.....NO "scenarios', just another I.G. to exploit....

b) more, misleading, sensationalized, Late, and/or improper/incorrect comments from the Financial Media, Reporters, etc.:
1) in a rare, correct, published super-bearish article, 5/7 Barrons had article against VPHM....was good thing to see.... 2) front-page L.A.T. 5/14, "More home buyers dropping new home orders", is exctly as I was first/only to predict....industry guys saying that, "a 25 % cancellation rate is normal, demand is healthy....plenty of buyers remain in the wings to take up any slack", is ridiculous by me....Silicon Valley/Tech. fears are the reason cited....we shall see.... 2) 5/14 Barrons, huge headline, "Financial stocks fall on fear that Fed easings are at end" - interesting (pun intended), since, as I reported herein recently, 99 % of others out there, expect another - 0.050 % easing Tues. the 15 th, yes ? Of course, I have given out a bunch of Financial Puttables herein, so I agree with internals and chart patterns, but not the fundamentals....

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) a rare potentially correct article, L.A.T., 5/13, "Gas/Refinery profits might be near their peak", said "consumer car gas prices remain $ 1./gal. below their 1981 previous peak, adj. for inflation....", anmd, "if you take a historical L.T. view, this industry is really a relatively low-return industry." Their recent profit gains "look huge because they are being compared with previous period of depressed figures....you didn't hear anyone complain before 2 years ago...." and, "it is unlikely that any refineries will be built in Calif. anytime ahead....in fact, 10 refineries closed between 1985 and 1995 in Calif." - surprise....but, gasoline supplies/inventories have been building recently agaiin, and foreign imports rising, meaning, a peak in this whole thing is near....I agree, "PSYCLE -wise".... the pattern rarely changes, overshoots and time-lags accepted, yes ?

2) gee, 'the 95 % linkers' are getting even more of what they wish - lower taxes, lower I.R.'s, bottoming Foreign countries - yet, where are the further big stock price rises ? and Bonds are certainly NOT skyroceting....see what happens when one directly 'links' after the fact ?

d) more, likely late, incorrect, and/or misleading, comments, from Brokerage firms, NL writers, Analysts, economists, Money Managers, etc.:
1) surprisingly, Ned Davis, a technician I do respect, defended Riichard Russell, being attacked (and kinda rightfully, if you ask me) in recent Barrons, as I reported recently here....saying, "I agree, Mr. R. should be more flexible over time, but his PTI index was bullish from after the 1987 crash, to the spring of 1999, going bearish from then" (somewhat incorrectly I would add, dig ?)....N.D. said he backtested his PTI index from 1972, and said T.R. was 'a very good record', so take that for what is...a nice guy in a rough ind., standing up for an overrated and VERY fortunate by maybe nice guy.... 2) unbelieveablly, B. Schaeffer (still overrated and opposite me often), highlighted TARO, suggesting 'an undiscovered gem ?" - when, in fact, I had real clients in TARO under $ 7., when NO one else liked it, and, of course, recently over $ 55, nowhere near 'undisciovered', dig ? the pattern rarely changes....

3) MSDW's Phil Roth, 5/7, who was wrong near recent lows, just wrote that he thinks the recent super-lows will retest in the Fall, and even have Tech. stocks vulnerable to new lows....and that that low was "not necessarily a major one.... and are simply rallying from oversold...." he dislikes Healthcare (so do I, sort of), and his other industry specific comments were middling and not helpful at best.... 4) of interest maybe ?, B> SChaeffer said, "for the first time in a long time, all 15 global stock exch. indexes we follow are negative...." , and, "remember, after 1994-95, after the Fed had RAISED int. rates a few times, markets exploded UP....", meaning, we could FALL after rate declines, dig ? as I have taught for years, yes ? NO "links'....

e) more general items proving why one should probably ignore 95 % of everything else out there:
1) I love capitalism, but have never understood how companies can layoff thousands of people, then, simultanoeusly, announce buybacks of millions of shares of their depressed stock....for whom ?

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....