1) "PSYCLE SENSE sm": new:

Not a bull to be found, not even for high-reward-to-risk-ratio 'toe dipping' with stops....you know what that usually means....perhaps as what happened the last several times most of my valued clients and broker-friends turned off like this....still very unclear, messy market....but exploitable, still....

We continue to find enough longside and puttable stocks going our way, yes ? also read I.G. follow-ups below....so recent damage has been mild, compared to stories I hear around....and we will likely be IN, when more bounces occur, as usual....note larger lists in sec. (3) below....even with some surprising QSL's, finding I.G.R. helping us, both directions....after 20+ years at this, finding this approach working after occasional rough patches, where even I get scared a bit....learning....

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 I was one of the first/only to predict herein a while ago at their bottoms (remember all the times we faded Pisani ?), the recent merger of MEA & W, in the WSJ article, was accompanied by a 2-yr. chart, showing obvious saucer in big Paper stocks, yes ? if you missed it, please learn my PSYCLE sm patterns....anyway, after more pb's, they may shape up again, and, as always, we will be there, probably first.... 2) as more Aero./Def. stocks fall, recall who first gave that I.G. here as puttable near recent tops....ditto with 'mtg./finl.' issues, yes ? ....3) also note, I added more "medical' orienteds as puttables.... 4) and, some Airlines-relateds (finally) longside soon ? NO one else out there even mantions them any more, dig ? ....5) and, as so often happens, note how many Brazil/Argentina issues (which, as usual, I was among the very few/first to give herein in calling recent S.T. super-fear low), are already popping - not reported by anyone else out there...so what else is new.... 6) and most Semis still look pretty good, do not miss some....and many depr. Telecoms, still.... 7) and, as usual, let me be the first to see some depr. Capital/Equipment stocks bottoming ? could be more confirmation that I see S.T. low in some economy areas, as well....if so, as usual, I will be among the first to foresee....

b) more, misleading, sensationalized, Late, and/or improper/incorrect comments from the Financial Media, Reporters, etc.:
1) another WSJ review of a book, titled, "do the numbers add up ?". about how 'reported stats and numbers often are misleading, incomplete, slanted, etc.' (my quotemarks), as I have been teaching for years...they also cited "sensational cliams, altered views, left-out details", etc. 'nuff said....as with all coporate investing 'fundamentals', and I might add, supposed studies with in-reality too-short-periods examined....they correctly said all 'cunclusions' are based or changed based on how the numbers/results are defined....they also cited "dubious mutant statistics" (their term), whereby numbers get used differently in different contexts....so what else is new....stay with my "PSYCLE sm" to overcome/see through all that, the vast majority of the time....

2) reent misleading chart, recent WSJ, titled, "grim milestone", showed Kjapan's seasonally-adjusted (don't get me etarted, re-read my booklets) unemployment rate hitting 5 %, the chart goes back to 1955....interesting, that, while its UE rate bottomed around 1.5 % in 1970, it has been RISING steadily, since (a real stunner, ay ? NOT mentioned anywhere in the WSJ or outside), ever since ! it even rose from 2 % to 3 % during the go-go 1980's.... more proof that 'linking' UE to stocks prices, is a not automatic, yes ?

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) recent WSJ, "natural gas prices fall amid inventory buildup"< again, confuses the hell out of things, since, as I reported recently herein, they reported a supposed 'big bounce' in prices, yes ? and, our car-gas prices have RISEN lately (I assume, to screw holiday travelers yes ?)....NG price fell to 2.40, from 3.60 very recently, and 2.90 in March 2000 ....NG supplies are now evidently + 8 % more than a year ago....am I the only guy hinting that winter, and higher NG demand, lie ahead ? as usual, yes....

d) more, likely late, incorrect, and/or misleading, comments, from Brokerage firms, NL writers, Analysts, economists, Money Managers, etc.:
1) recent Prudential toime, now loves 'thrice-blessed' stocks, FRX and GOTO, 2 I gave out a while ago long from lows, and recently, FRX as a puttable....the pattern rarely changes.... 2) recent WSJ article on mgr. of Brandywine mgmt., selling 51 % of his $ mgmt. firm, after having incorrectly bet big on a 'market top' - in 1997....assets he managed fell from $ 15 B in '97, to under $ 7 B now....his comment was, "many growth-oriented managers are reluctant to do any kind of a transaction in recent environment." ANY kind ? not a put from a possible top ? not a a depr. buy with close stop ? not a stop on held positions ? hmmmm.....he has been over 50 % in cash, it said, since late 1997....missing the whole Interent/Tech. parabolics, which i did also, biut at least I caught tons of profitable Puts, and Longs, in the meantime, ay ? but, semiprops, as his fund had returned + 16 % per yr. up till then....and he did sell NOK, NT, and others, in 2000....I wish him well....

e) more general, political, misreported items proving why one should probably ignore 95 % of everything else out there:
1) on CNBC, after CPQ/HWP news, Tue., a supposed well-paid analyst actually said, "the PC game is over, done, kaput...." Neat....NO one out there wants 'boxmakers', right ? this, from the guy who loved them near highs, as usual, dig ? how much you wanna bet that most bottom and are higher a few months from now ? wish they had bases, but none do - we lean towards those not having broken patterns, for buys here, regardless....I cannot bet on them yet, because they do not have the pattern I like, but.....

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....