1) "PSYCLE SENSE sm": new:

While I gave you tons of Winners, mostly longside, during the last few months, I must admit to being shocked by renewed 'baby-bathwater' action Tue. and Wed., creating many more breakdowns of budding patterns, and tons more margin calls, nationwide....so, back to having no idea what to do with those kinds of positions, even though I still see a decent number of 'buyables with bases which have held up nicely', etc., which YOU should be taking advantage of....

I spoke briefly with that Yoga Center guy who refused to take even one $ of 'lucky yuppie' gain in his BRCM near my predicted top, and he actually said, "no biggie, it's still not much below where it was last year, I am not concerned that it has fallen over 2/3 in such a short time"....talk about denial, ay ? I am seeing that all over the place, are you ? Ditto with the yoga gal at JNIC, check that stock out as well....Plus, on a "PSYCLE sm Philosophical note", I have always said, if anyone can 'pooh-pooh' millions of lost dollars, needlessly, that poerson can never complain about anything ever again, dig ? think about that....this as the NASDAQ, Rusell 2000, OTC comp., indexes made new 2-year lows.... boy, the pops many EVB's make outta here soon, which 'the 95 %' will of course miss, are gonna be neat, soon....

Meanwhile, over 600 new NASDAQ lows Wed., but plenty of Buyables remain right near multiple bottoms, in section (3)....note, my Puttables list had gotten real small, BEFORE the ancillary, further, smaller % drops in many Techs and Health stocks that I had given you great opportunites to Put from their highs herein back then....this is VERY rare in my 23+ year experience....Of course, to just 'begin' to 'Put' any stock, in its probable late stage 6 or 7 position, is illogical, and recent experience with this should be viewed as an aberration....and of little or no consequence to us, since YOU already made some of your Put $ from stage 4 levels, right ? therefore, I see nothing to 'learn' in these new further drops....just a true rarity....except to keep buying stage 4 and 5 Puts near their highs with stops, even if 'your' current performance has waned a bit....

and, though you know I normally eschew Option Writing, recent stage 6 or 7 lows soon in Techs, Health, stocks, etc., will certainly provide excellent 3-6 mo. Covered writing opportunites, with something like 20-33 % premiums abounding on, say, a 4-6-mo. $ 25 call, with a representative stock at only $ 20, with double reward/risk potentials on margin, neat, huh....or will you refuse those possible 'gifts', as well as others I have shared herein over the years ?

Last, as usual, 'by after the first hour or two, Tue. or Wed. next wk. Dec. 26 or 27', another traeable S.T. bottom should be in place, if not already, in many issues....at 12:30 Wed., Art Cashin said, "we need a triage unit'' on the exch. floor....as usual, heralding the end of the decline is near, dig ? it should be interesting to see if my 'slight breakdown to shek out the rest, but forming a bottom instead' concept works here....and it 'should' be so easy for the 'fundamentals loving' investors to find and exploit a plethora of attractive EVB's down here, soon, yes ? But, then, I forgot, THEY only loved those stocks at much higher levels, yes ? As I taught you in my Booklets, how could all those companies be worth a high price just a few months ago, and now, not be worth their depressed low price ? dig ? the pattern rarely changes....

I also note, unlike most every past Xmas, I see NO 'killer' toys nor presents people are craving for, hurting revenues further for Retailers and Mfrs. -- but most Online Shopping Revenues and sites, are actually UP, in revenues, from last years' levels....not a ton, but definitely higher....interesting, huh....

2) "What's Been Said, and What I've Read":

a) Important Industry Group (Rotation) notes:
1) CNBC reported, that the Networking sector is down over -50 % - just since 9/1/00.....remember, you heard it would happen here, first, as usual.... 2) ditto with my first-to-predict pullback in Crude Oil, now into the $ 26+ area....hah....lowest since May '00, and not too far above 3) might the extended Energy stocks be 'fobo's' here ? ....4) and while many remain Puttable, some Drugs are popping unexpectedly, watch closely, an historical 'defensive' area for institutions, right ?

5) and, with all the huge expected drops among 'super-company' stocks (sic), for the first time in years, one can actually add some 'high-quality names' to section (6) list, neat, huh.....so, for you 'fundamentalists-demanders', you will now have the opp. to pick some up for Q trades soon....but, oh yeah, I forgot - 'the 95 %' who loved them only at their highs, and held all the way down, will now, of course, disclike them, and/or fear those SAME companies, dig ? the pattern rarely changes.... 6) CNBC, Wed. 11 am, Pisani said a 30-yr. floor-treader guy said he is seeing new Buying in cash Gold, for the first time he can remember" ....7) the Tbond hit 105 and 13/32, Thu., new high still....still looking for top.... 8) oh, and that DK merger will pay 8 1/2, not 8.

9) Thu., CNBC reported that the entrie make-up of the SPX has effectively changed in just a few motnhs, with more 'staid, older econ." stocks now back in the lead, mkt. cap. wise.....and that just 5 stocks, MSFT, WCOM, LU, T, YHOO, accounting for 68 % of the entire 50%+ drop in the NASDAQ indedx off its high (well, duh....as i was the only guy to reprt back then, herein, the mkt. val. of the Interet & Biotech & the rest of the Semis/Techs, etc., were, even at their highs, not that huge, compared to the more-well-established NYSE and NASDAQ companies' stocks....anyway, MSFT has lost $ 400 B in value recently.....hah.... MRK now has bigger mkt. cap., and PFE and XOM, C, not that far away any more.... 10) note renewing strength among the 'I gave them out first near lows' Regional Banks....

b) more, misleading, sensationalized, Late, and/or improper/incorrect comments from the Financial Media, Reporters, etc.:
1) CNBC, Wed. 10 am, ran a story, "REIT's may be a place to find refuge in, if I.R.'s are going to fall....", when, as I was first to recommend herein at their lows a while ago, they hated them back then, yes ? and/but now, as I previously mentioned also herein, most are UP too much (the MS. REIT index is at a new high, but some remain on my list in section (6) below, of course), most Il.R.'s have BEEN fallking, and are not necessarily 'going to fall further', dig ? normal Media late response, re-read my "Media" booklet....

2) as usual, CNBC overreported big further drop in FDRY stocks, but misleadingly said, "is Foundry losing its foundation ?" (re-read my Media booklet about how they 'pun' badly), when, in fact, FDRY was $ 210. not too long ago.... seems it 'lost its foundation back then, ay ? and not just recently..... oy....and, of course, you guessed it - tons of B-firms finally lowered FDRY to 'neutral' - at $ 13 - amazing, huh....nope....normal, ay ? don't get me started ....3) Thu., CNBC reported that a recent poll by PWJ, found that 'consumer confidence' is now lowest since 6/97....a period from which indexes generally went only sideways-at-best, with rolling corrections for 6 months, before breaking out (which, BTW, I did NOT prdict back then)....they also found (well, duh, again....) that more experienced oinvcestors are better able to put things in perspective, and always have more confidence....and they expended money and resources for that obvious item ? no wonder B-firms are worth fading so often.... 4) and, at the close Thu., B. Pisani said, "it is very unlikely that we will go directly into a recession" - which is about as good a guarantee of that (I say, we have already been IN one, as you know) happening, yes ?

c) more incorrect/misleading/sensationalized, and/or improper comments, from Fundamentalists/Companies, newspapers/magazines, etc., vs. illogical/Contrary/Unlinkable, past/present/future stock price moves:
1) important: I am still seeing all sorts of supposedly valuable 'screens' for series' of fundamentals, as supposed methods to cull 'good companies' to buy....and I was again realizing, that NO such 'screen' has prevented HUGE losses among just about ANY stocks chosen with that 'method' (re-read my booklets !).....again, they offer NO technicals, NO stops, NO port. mgmt. dictates, etc., and are pretty-much USELESS 95 % of the time....But, that said, only AFTER huge drops in previously highly-ranked stocks (and previously high RS stocks, don't get me started), NOW, soon, perhaps some of those 'screens' may be of value - when only combined with my "PSYCLE sm" tenets....so try to take advantage of that soon, any way you wish, OK ?

2) Fri., finally, the Calif. PUC suposedly meeting as PCG, EIX, SRE, get whacked further, as talk of bakruptcy begins....late, as usual....and, in usual poltical BS, Calif. Gov. said, (paraphrasing), "we must build more capacity/power plants, while maintaining environmental efficiancy", which, of course, says Nothing.....also, as i have been capainging for years, Nuclear is a solution, but, of course, politicos refuse to acknowledge....recall my T.R. with the N.Y. utils. in early 1970's, and the Nuclear utils. in early 1980's, and WPPS in late 1970's/early 1980s', where I seemed to have been among the first/only to catch/predict EVB lows in them, while refusing to buy any securities/crap for my valued clients which my ratty B-firms tried to force me to do, on the way down.... 3) and, notice, at least so far, while all the incorrect bulls were pleading for the Fed to 'change its bias, to loosening from tightening', since they have done so, many stocks have had further, big declines, anyway, yes ? the opposite of what 'the 95 %' had assumed, etc. (as usual, right ?) proving once again, that NO govt. or Fed. or Fund. stuff can automatically and obviously simultaneously lead to easily predictable S.T. nor L.T. stock price moves....

4) and I again laughed when I saw how PALM, a stock only I gave out herein, both, as a short sale at its 'super-loved/Media blitzed high', AND long in its base low thereafter, herein, for you (then out over $ 50.), 'beat the street eps est.' on Thu. - and got whacked big-time anyway....not a surprise to us....been an unattractive pattern for months now....

d) more, likely late, incorrect, and/or misleading, comments, from Brokerage firms, NL writers, Analysts, economists, Money Managers, etc.:
1) amazingly, CNBC highlighted a fund mgr., Katz, of Matrix Mgmt., still loving ADPT and APCC, citing 'exceptional fundamentals continuing' - yet has big losses already in them, from now knowing technical patterns (obviously), and further proving that 'great financials' canNOT overcome bad technicals, as you know.... 2) WallStreetCity, 12/18, finally begins to "see a change in market I.G. leadership", now beginning to like, the already-extended Tobacco, Drugs, Oils, and Utils., late, as usual....amazing, huh....and these are among the jerks who screwed me when I had my NL....I hope they fry, but they continue to hurt tons of investors without me....but I will give them a little credit for properly seeing potential bottoms in depr. Paper, Chem., Alum., and tops in extended Oil Svc., Biotech (though, again, late, as usual)....

3) continuing tounge-in-cheek kudos (Not !) for more and more major B-firms, who all but live in the underwear of tons of huge companies you'd think they would know all about better, for continuing to lower their investment opinions on previously-loved-at-their-tops-as-supposed 'bulletproof, no risk stocks', only after they have held them as they fell a TON, recently....amazing, huh....as they all say (as usual, re-read my booklets), "we still like them all L.T., yadda, yadda," which is all B.S. ....more, like, FDRY, VERT, JBL, YHOO, on Fri. thanks for nothing, again, guys....

4) and I wonder how super-internet-stock-permabull Jim Dines has been doing....hope he had stops... .his "buy Internet now" ads ran for months, even past the tops, a good portion of the way down, ay ? and he contunues to get press, and tons of subscribers, wonder why ? I gave him some props 3 years ago herein, but, gosh, since then, also ? ....5) and a small-but-important editorial I have mentioned many times before: how come, as their 'mostly-wrong-or-after-the-loss anyway', (right ?) 'changes in opinions' are listed constantly, by tons of B-firms, we are NEVER told when, and from what price, their original opinions were initiated, are we ? hmmmm....

e) more general items proving why one should probably ignore 95 % of everything else out there:
1) ?

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....