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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lizzie Tudor who wrote (61881)	12/28/2002 6:09:58 PM
From: William H Huebl	Read Replies (1) of 94695

I figured I would get a rise out of someone with that statement.... ...on the other hand, CAPEX (I like LMNVX better as it is a stronger fund) Friday, 12/27, broke through a double bottom as it did a year ago. I do not know if you can access this link, but the P&F clearly shows how negative it is: stockcharts.com And jobs??? What jobs??? Are you talking about a one-month blip in the statistics or are you talking some major change you think is happening? Are you talking about the 10,000 people in Philadelphia who applied for the 100 or so jobs for the security improvements being made there? Here are the ACTUAL job numbers from the BLS link: (Ignore the chart... it is seasonally adjusted and does not reflect the actual figures released lower down on the link as shown below) data.bls.gov 2001 141757 141622 141869 141734 141445 141468 141651 141380 142068 142280 142279 142314 2002 141390 142211 142005 142570 142769 142476 142390 142616 143277 143123 142733 A less than 1% growth in 2 years somehow does not get me excited... especially since things have been essentially flat to down over the past couple of months! Things have not really changed all that much since a month ago when I posted the following on my website: geocities.com - none of the downtrends have been broken yet; - long-term RSI at 42.5 is in no danger of re-crossing the 50% level; - Slow-STO turn-around is months away at best and may be years away! Note: contrary to popular opinion which has a new bull market starting last month (October 2002), we believe the opposite is possible - that markets will trade much lower for at least another year. That is why I think this! That is why I got out of LMNVX at that time!

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