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Strategies & Market Trends : Galapagos Islands

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To: Petrol who wrote (7824)	10/18/2002 1:39:30 AM
From: Jorj X Mckie	Read Replies (2) of 57110

1. NDX bullish percentage has reversed positive from below 30. stockcharts.com 2. BPCOMPQ and BPNYA are close to reversing. BPNYA at a triple bottom, BPCOMPQ double bottom stockcharts.com stockcharts.com 3. Bonds dropping significantly, money from bond market can make its way to the stock market (asset allocation) 4. Fed that has a very easy money supply policy. Will add liquidity at will. 5. Price of crude oil is off of its highs and could be forming a H&S pattern. Cheaper oil reduces transportation costs which in turn reduces the cost of doing business stockcharts.com[r,a]dhcaynay[d10][p]&pref=G 6. Price of crude oil indicates that if there are hostilities in the middle east, it is unlikely that there will be a disruption of oil products. It could also be that the war premium is coming off of oil because we are not going to war with Iraq. 7. Latest rally has pushed indices out of their descending channels. Many stocks giving P&F buy signals. 8. VIX gives a sell signal breaking a double bottom and BSL. VXN gives four sell signals 2 double bottom, one spread triple and breaking through the BSL stockcharts.com stockcharts.com 9. 90% down day last week 10. Multiple trips to -1000 on the tick. 11. bad news is out and priced into the market. Terrorist attacks in Bali and Yemen (french tanker) happened and didn't rock the market. INTC, AMD, MSFT warned for upcoming quarter. IBM crap report causes rally. Semi book to bill is very low, can only go up from here. 12. Futures up pretty nicely in AH. If we gap up, we will break the tweezer top. 13. Though earnings are low now, it will not take a huge amount of increased business to increase the "E" part of the PE equation and thus make a reasonable valuation. 14. Y2K fears caused businesses to spend money on large amounts of tech equipment. This equipment was purchased 3-4 years ago and will need to be cycled again. 15. Fewer companies to which the current amount of investment dollars can flow to.

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