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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (11566)	3/15/2001 12:53:37 PM
From: Jim Willie CB	Read Replies (2) of 13572

yes on patterns, Buffalo Billy Greg check the textbook Head&Shoulder bear pattern completed by QCOM probably some good 3-step Elliott declines in major techs the Naz decline is losing its power support is holding repeatedly, despite scarey climate I dont personally regard the Japan banking situation as trivial it is serious their day of reckoning is not exactly now, but the opening of the door to accountability has begun meanwhile, Naz 2000 seems to have some extra psych power not so surprising really, since three "0" zeros also, check out the "rounded bottom" on Naz now becoming evident we are entering a "flat stage" that is also out of TA manuals flats preceding trend reversals, even if only to relieve extreme oversold/overbought conditions I personally expect some surprising moderate economic news and very soon perhaps with inventory levels a scathing indictment of Greenspan in March issue of "The American Spectator" long interview of Larry Kudlow he gets very specific in his critique criticized AG for "rehabilitation of faulty economic models" and for reviving the faulty notion that "growth begets inflation" I maintain the Fed is horribly inept with Friday's and this week's action, the 3-month TBill yield is probably even lower so the Fed is hitting the brakes even harder now more like riding the brakes even harder diamond top, eh? big question is whether Naz can move up gradually even as Dow and major NYSE stocks slide ??? quoi tu dis? / jim

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