Stock Attack II - A Complete Analysis Message Board

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

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To: Paul Shread who wrote (20962)	10/7/2001 12:12:35 PM
From: Jim Willie CB	Read Replies (1) of 52237

three criteria needed for stock bottom recovery (these are professed by John Mauldin of Millennium Wave) he calls them the Three Amigos: 1. Junk Bonds must recover from a bottom - in late August they seemed to begin to show some life - then came the WTC attack, and they are wilting again 2. Mfg Capacity Utilization must turn upward - it has steadily deteriorated since last summer 2000 3. NAPM Price Index must show improvement - it has been poor and weak for some time Mauldin researched recoveries from recessions since 1960 recovery by the Three Amigos has preceded all common watched indicators e.g. Bank index, SOX index, Leading Economic Indicator I like watching 2-3 leading chip equipmt stocks as confirmation of SOX leaders like Intel I like to watch BKX also as signal of financial foundation health right now I think a few big banks are in serious trouble from monstrous loan portfolios to failing companies like Xerox, like LTV Steel, and dozens more / Jim

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