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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: JRI who wrote (40892)1/12/2001 7:44:59 PM
From: JRI  Read Replies (1) of 42787
 
Anyone have an idea where we stand re: margin.....comparing Jan. 2001 with October '98, October '87?

Wolanchuk makes a couple interesting points, but I thought margin levels are still much higher than those 2 times (and at previous bottoms)....he keeps refering to "the market is very clean (absence of margin)" but that is true?

Anyone ever here of this guy?

One very good point: Easy Al CAN and DOES change things....Ignore him at your peril...however, having AL on your side can get you to the upper channel in the Nasdaq log chart (it seems)....to get above that, AL would have to pour way, way too much fuel on the fire....(ie., liquidity pump for Y2K)....will a 125-150 BP Cut have such an effect this time? (as Y2k pump) I dunno...could have a big effect- if we are indeed (only) in a soft landing, and tech recover rapidly...but I just don't see how we can (for a long, long time) get the hubris of 8% GDP growth back/"bubble" again (1Q '00) so soon...I don't think even Al will let that go on again anytime soon...

So, I'll stick with the upper channel on the 1990 log chart as being the upper "reasonable" limit for now....that could get us to 3300-3500 on the COMPX (by March/April- higher/later)...The market over the last 10 years always seemed to pullback from that level...
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