If you are already knowledgeable about "PSYCLE sm" tenets, and/or just want the most current "actionable" stocks, go right to Section (3) First....then, to see longer lists, and potential ideas, go to sections (6) and (7)....of course, if you want to get the most, for the least, read everything....and, re-read the past NL's "commentary" items again (section (2) each time), to glean/learn more about the "feel" for probable tops and bottoms in things....

1) "PSYCLE SENSE sm":
This, my new newsletter (NL), and Educational services, are a "Continuation" of previously recommended stocks/ideas, to show YOU, as Newer subcribers, all the Recently/Past suggested ideas, which I shared with my L.T. followers, so that YOU can then also view their recent/past 1-year/2-year charts of, to "see" what we are trying to accomplish here, to further help you learn. Remember, all my NL's are Cumulative, and can/should be saved and reviewed, especially the "commentaries" areas, to glean the most value from my output, over time, as "lessons" and "proof". IMPORTANT: I assume all my valued subscribers have read all my past NL's....and, all my "booklets/essays".

8/26, Wed., a follower recently asked me "how come I have such close stops", to which, I replied, "how come so few people ever buy Puts"...'nuff said... All day Thu. 27th, I still have yet to hear ONE single reporter, or interviewed analyst-person, suggest, PUTS, in any way, shape, or form....amazingly ignorant, thoughtless, and hurtful to investors, yes ? of course, "now", some people are "just discovering reasons" why what has already happened, should have happened. Now you know one reason why I get so passionate about helping pothers....and upset with most other newsletters, analysts, and media people....

Important: Remember, I am pretty Comprehensive, herein....I follow-up every idea mentioned, for your benefit....most other NL's leave you hanging....Know, that there are 3 (three) kinds of stocks listed herein: a) Stocks that can be taken advantage of, here and now, if right near given prices, b) Stocks which, if they get back to where they were when originally suggested, remain/become tradeable again, and, c) Stocks which "seem to be setting up as potential trades, possibly soon", and might also illustrate Industry Groups potentially shaping up, and/or as Educational ideas....Try to "view" the past 1-year-back charts of all ideas, for best learning of patterns....all ideas are followed up till "sold" or "removed", for your benefit. Do try to find charts which also have 200 DMA 's on them, physically, or through your computer, or on the web. Plenty of free places on the web to do so. Learn the chart patterns, then add the "sentiment" patterns, and voila....Puts in march/April, Puts in July/August, and Q, large % Gains in depresseds in between, with some small losses in long-siders, of lesser consequence....

FIRST: IMPORTANT--- until further notice, the online URL, to get all future NL's, will be, first, "the URL for my main web page", then add, each successive time, as a "suffix", a forward slash, then that date, then "letter.html" , ok ?, as in, " /82498letter.html " , " /82798letter.html ", etc., got that ? all small case letters, no spaces.... Every Mon., and Thu., after 11 am, PST, (2 pm, EST), for now....they may on occasion be available as early as 10 am, pst, if I can finish them earlier....Hope this helps. Obviously, only actual subscribers will get this 'code', and, down the road, I will change this anyway, and, I am examining changing this whole format, so non-subscribers cannot figure this out, etc. Taking the time to Glean the message, is much more important then the medium, yes ? In any case, look for me to change the "code" early September, to protect you....

second: Please appreciate, how much time/effort I put in, to put ALL applicable staged stocks, long-side and put-side, which befit learnable, and actionable, "PSYCLE sm" patterns, into every single NL....Some times there will be fewer ideas, sometimes, more....whatever I find that best fits "PSYCLE sm" stages, which YOU can learn/take advantage of, for YOUR trading/educational benefit....again, the "Most Actionables, Now/Here", are in Section (3) each NL.

third, hope you notice, I have been putting more actual "learning/feeling items" into each NL....remember, even my EVB's are not "one-day bottoms"....EVB's can take days/weeks to form, and, as long as those issues do not form new Lows, those stocks remain aok....many EVB's may form "W" bottoms ahead, read section (6) below....also, note, due to recent cracks in many depresseds here, have either, cut Q, small losses in some (no harm, in a properly diversified portfolio, and , again, do NOT "worry/overemotionalize/extrapolate recent past perfomance forward forever PSY-chologically, nor make this a bigger occurance than it is", etc.). no biggie....I hope you cut Long-side losses, and Bought some PUTS, recently !!!

fourth, Been telling you, this "Split" market, has now given us many more nice Put gains, but we are also still playing close to the vest, meaning, keeping close stops, and NOT getting emotional nor excited, cutting Q, small losses, nor with big Puts winners, and am continuing to hold/raise some cash....For the umpteenth time, "the market" is neither "the indexes", nor an important "thing" to even be concerned with....Note how, recently, the daily changes in "Averages" are often meaningless --- they often tell us NOTHING about what is really going on WITHIN the markets, do they ? Only by following all the individual stocks WITHIN, visually, can one come closer to knowing what is really happenening, and what best to do, yes ?

Important: I am sitting here Wed. 8/26, seeing how the "indexes/averages" continue to mask significant internal weakness and yucky-looking chart patterns abound....Ask the people around you if they have ever Bought Puts properly before ....if not get them to me, and I will help them also, with Puts....Remember, as I told you, early in June, that any "new highs" in the DJIA and OTC, or other "indexes", were going to be UN-confirmed by the internals (A/D, and H/L figures), and hence, have lead to our recent predicted drops....And, you have now seen the recent corrections, as expected, in many previously extended stocks, that I gave you herein, yes ? (many stopping, at least initially, around their 200 DMA's, yes ?) Of course, I am also upset with even the small cut losses I gave out, among some depressed longs....BUT--- and this is crucial: please do NOT "label" any corrections as possibly a "bear" market....who cares....just try to do what is "right", what the "PSYCLE sm" says, and ignore all "market talk"....and Re-read my booklets, as to why all "labelling" is harmful to your psyche, and performance....

Also, please do Not let any "Q, S, cut losses" among Longs recently, prevent you from taking advantage of present/future ideas....just a couple of bigger winners (some of which I have already given here, and will continue to give over time) will more than overcome a few very small cut losses among Puts/Longs, in the meantime....the Key, is not to quit prematurely, stay with the concept, learn the basic patterns, be patient, we have just started, and try to DO "something", diversified, w/close stops, which best fits your various situational accounts and needs, especially Puts in the recent past....Use this initial NL period, to LEARN as much as you can about my "PSYCLE sm", also read All my essays/booklets, and view/learn their patterns. IMPORTANT: Key: remember, all suggested ideas REMAIN buys near lows, or puts near highs, (only) as long as their patterns do remain intact, even if weeks or months pass !!! But when/if their patterns crack/break, they are removed very quickly, as you know....

Remember, we do NO "market average/index predictions," ever....but, I expect you to notice, for instance, when I have added a lot more Puttables, or a lot more Longs, as a template, for gleaning the tambor of the "overall market", at those times....for instance, when some depresseds began to crack, and I have added many more Puts, that should have told you what was coming, back in June, yes ? Logical, relaxed, simple....always watch those 200 Day Moving Averages (200 DMA's)

So, "pick your potion(s)," First, from Section (3) ---then from sections (6) and (7), long and/or short side, for cash, or on margin, or only L.T., in-the- money options where suitable, for your different accounts/needs. If you have never done Puts, this has been the time to Learn how to do so, using my "booklet/ essay" on How to Properly Exploit Puts, benefitting you for the rest of your trading/investing life, for when/the next intermediate S.T. top, which may next exist in the early Fall, after the rallies after this decline ?

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

a) Important Industry Group notes: some depr. Oil. Svc. issues making new lows, so, were sold for QS losses, and/or, off list, right ? note, some still remain....also, note, even with "indexes" up Mon./Tue., some Drugs failing to breakout, and some are still showing S.T. double-tops, yes ? and, are some of the depr. Asian C.E.M.F.'s I mentioned, still forming double-bottoms ? Also, on CNBC, Wed., saw a very L.T. chart of the Heng Seng Index, back to 1970, and, from 111. then, up to 16,366. in 1997 (wow),then down, in a potential double-bottom, to around 7,000-7,500 recently....this decline in the Heng Seng, also touches its very L.T. uptrend line, so, when/if the recent potential double-bottoms in many of the Asian stocks is broken, well, that would also break their V.L.T. trendline, yes ? perspective, perspective....

Also, I am certainly still watching the depr. "Farming-relateds" I shared a while ago....For the umpteenth time, from a PSY-chological p.o.v., just because one had a Q, small loss in, say, a depressed Tech. stock, last time, does not prevent us, mentally, from taking advantage again when/if their patterns set up again, right ? we have no emotional "engrams" about such things. As I explain at length in my booklet on "Mastering Psychology," you wouldn't "never" ask another girl out, just because you had a couple of bad experiences with a couple of women earlier, right ? Or, never approach another red-head, or brunette, just because one or two of them didn't work out....Well, the same applies to trading....being right/wrong previously, with a stock or Ind. Group, should never preclude us from trading it in the future again, with a close stop, when the pattern is right, at that time. Oh, and seems every day, several times, I hear CNBC reporters rec'ding "drug stocks" as supposedly "the only place to be long in this market"....Payola ? Anyway, still NO "puts" recommended, by ANYONE, on CNBC, yet, still....too bad.... if they had been interviewing me, millions of people would have had made/saved a bundle.

b) obviously, as I have said since starting this NL early June, many stock "indexes" have continued to mask significant weakness WITHIN the overall markets, which is part of what my "PSYCLE sm" is all about....one does better/best, by actually viewing 2,500 individual charts every week, instead of just blindly "doing/listening to what the misleading, incomplete Media reports"....and the Nikkei. & Heng Seng Indexes continue to hang in there (pun intended), barely, not new lows, yet, even as the "news/fundamentals" worsen/remain bad, yes ? Also, as I recently intimated here, the US Dollar futures contract showing potential S.T. top, while Japan Yen, Copper, Heating Oil, futures, show potential S.T. saucer bases ?, even as the Media reports lower CRB levels overall, and saying "deflation" often....As usual, I am opposite "the 95 %" on this one. We shall see....As a last interesting commodity comment, Corn futures are evidently at their lowest prices in 10 years....this, as I have been saying all along, into a supposedly "bad weather due to El Nino, etc." and supposed Global Warming (GW), which "the 95 %" predicted would cause Corn (and Wheat, Soy, etc.) futures to skyrocket--- but they were wrong, again, as usual. Last, viewing a very L.T. chart of the CRB Index itself, shows it, now, right at the same support level, as it was, back in 4/92, and 1/86....If this level were to break....

I remember, back in the early 1980's when interest rates were double-digits, and I was predicting a new age for "liquid financial assets" versus "hard assets", (and getting the same death threats my predictiuons get at times from the uninformed), all my TV shows, output, speeches, also specifically suggested a L.T. move down in I.R.'s, towards the average level the U.S.A. has had, the last 200+ years....Guess what the avg. L.T. bond I.R. has been in the U.S.A. going back to the year 1750+ ? Roughly, 4 1/2 to 5 %....Well, we are getting closer, yes ? Of course, as I teach at length in booklets, I.R.'s by themselves are of little or no D.U.F.P.P.V., but "the 95 %" seem to hinge on every change in I.R.'s, so I am happy to enlighten you.

c) I.B.D. 8/25 issue, front page: article titled, "More Global Warming Hot Air-- Junk Science ?", another decent treatment, arguing Against massive-earth- killing warming, which is the right side of this issue....and another great example of improper "linking", of stocks/commodities, to a supposed perceived "fundamental" item, right ? The science models in the article are now actually predicting Less GW. On hindsight, GW was/is just more political "junk"....not helpful in predicting much of anything, investment-wise, yes ? LEARN THIS: what HAS changed, is the volume of "reporting" of events (mostly storms, heat, etc.), and "story/fear-creating reporting," by the misleading/sensationalizing, non-reporting-of-enough-Good-things Media, more than any potential L.T. GW, itself ....as with all financials, scientists/politicians can create/agendize whatever numbers/slant they wish, to back up their position, even when unture, yes ? This pertains to financial items, stocks/bonds, in the way, as I teach, as pretty much a NON-event, from a future-price-predictive-point-of-view. 95 % of everything out there, means nothing, remember that.

d) in a similar manner to what I reported here in a previous NL, another very recent survey (7/24 to 8/6) of many Quick & Reilly investors, showed only 4 % of their clients would cut their portfolio holdings, even on/into/with a "20 % or more market correction." Yet, 35 % also thought that a 20 % or more correction by the end of 1998 is "very likely" or "moderately likely"....Hmmmm....therefore, one of the messages gleanable from this, continues to be, as I have always said: very, very, very few people ever actually buy Puts to take advantage of drops. And very, very, very few, actually "sell" anywhere near highs....Another message, is that, evidently, people are more than willing to gladly accept at 20-25 % drop in their portfolios with supposedly no stress or action taken, yes ? And, of course, this survey was done, AFTER the first leg down -8 % (now 10-12 %) in the indexes, and only After many stocks had already fallen a bunch more, dig ? Of course, one never hears of such polls, right near the tops, right ?

e) yet another "PSYCLE sm" Indexes potential toppy sign, sentiment-wise (read my booklets on Scenarios, and Psychology): I have had some fellow long-time Yoga students (I have been doing Yoga physically and relaxedly, for years, when Yoga was itself, in stage 1 in my "PSYCLE sm"....now, of course, it is way more popular, and therefore, might be in stage 3 or 4 here, itself, but I digress) approach me recently, all-of-a-sudden, saying they heard I was a real good "stock predictor guy", saying they are "just beginning to become interested/study trading the long-side"....Well, while it is never too late to "begin" learning anything of value, it is a little late, for the long-side, in most "name" stocks, compared to several years ago, yes ? These nice people have had years, to approach me, yet had not, dig ? Of course, maybe it took some of them years to accumulate cash to use, so I will give them the benefit of the doubt, but will also log this additional potential timing help signal.

f) you know, I was thinking: many intraday "over-traders", spend hours daily watching their computer screens needlessly, most not making much money, yet they cannot seem to find a few minutes a day to view, and learn, "PSYCLE sm" chart patterns....hmmmm....says a lot about human nature, yes ? I say laziness, and/or lack of proper priorities, but that upsets many people....of course, you have me to give you some of the best ideas, quickly....not to mention, why, unless they are occasionally lucky, so few people do well at this, in their lives....

g) while I am sure there have been many who have done very well with Wade Cook's output, and I will not crticize him, nor lionize him, here, fact: I am getting more and more phone calls, from people who say they have lost more than a little money, they say, following his concepts/advice....if you know anyone who has done real well, or poorly, for real, with his stuff, I would like to speak with them....do his people ever actively buy straight Puts near highs in stocks ?

h) boy, if I hear another "stock market guy" in the Media, say, "if you liked it at a higher price, you must like that same stock now, at a lower price, as long as the fundamentals/story are still in place", I will scream....that, is a totally useless, and illogical statement. That kind of statement, which I have been hearing for decades, tends to come from people who were incorrect on that stock and/or lost money in it, without cutting the loss properly, a while ago, ignores good portfolio mgmt., and stops, yes ?

i) for the umpteenth time, the "goldbugs" are wrong....how in ____ can any scentient person actually think, that, given a choice betweeen buying food and/or shelter, and buying gold, people in "crisis" economies/countries would choose gold ? Re-read my "scanearios/ linkages" booklet....For decades people have incorrectly "linked" "foreign crises" and "gold" as opposites, but, as you have seen for almost 20 years now, ain't true to any employable extent....but, good technical chart and sentiment patterns, are....
(br>j) notice, I have not mentioned Russia once, except right now, all along..... not of as significant consequence, with respect to tons of potential specific stock price movements....for the umpteenth time, "PSYCLE sm" traders separate, unfortunate human-interest items, even when factual, from what individual stocks/commodities might do, as two different things....with NO judgements or agendas....

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) (Q = quick; i.e, less than 2-3 months holding period....VQ = very quick; i.e., less than 3-4 weeks holding period....re-read "the Guide" for how I derive the estimated % percentage Gains I show herein, on assumed Hypothetically closed-out trades, (always assumed to have been in Options, where applicable/suitable, and on margin where available/ suitable, and on a cash basis where not, as per "PSYCLE sm" rules), and also try to view their 1-year-past price charts, to see the patterns, and where/when they were Hypothetically, originally "bought", longs near lows, puts near highs).