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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (36772)	11/30/2000 10:46:07 AM
From: adcpres	Read Replies (3) \| Respond to of 42787

Paul: Does EMLX look like a broadening top ready/starting to take the big plunge? What do you think. Good short here? GH

To: Paul Shread who wrote (36772)	11/30/2000 11:13:32 AM
From: eddieww	Read Replies (1) \| Respond to of 42787

Thanks, Paul. You and a few others here, especially Donald Sew, have been an enormous help to me. I'd like to see a flush a la Apr. 4. We need a day or two of up very soon per my technicals. Fed neutral? Bush elected? No reason at all? This bear isn't real until the SPX and INDU follow strongly. The longer they hold them up, the more painful and deep the bottom will be, imo. Ya'all take care now, you heah?

To: Paul Shread who wrote (36772)	1/2/2001 12:41:12 PM
From: eddieww	Read Replies (1) \| Respond to of 42787

Many will probably think I'm as crazy now as I was Aug. 21: Message 14250454 When we made those numbers I suggested: Message 15038682 Message 15039144 correction to NDX I consider these, except the NDX, a relatively soft landing result. Now I'm not too sure we won't get a hard landing and a reversion to more historical valuation levels. You could reasonably draw a TL from the lows of late '87 through the lows of '94. It's true that '90 dips below, but I can draw them where I want -g-. At the same time do a Linear Regression from late '87, whose values correspond to the lower TL pretty well. Here's what I get: <Pre> compx TL 1594 LR 1442 ndx 937 752 djia 6878 7400 spx 818 839 We aren't in a bear market yet - the spx and djia haven't participated. I look for a good chance of the compx holding 2000 while spx and djia catch up, then they all fall together for a while. For those who think Uncle Al will save the day by aggressively lowering rates, I suggest you look at the "prices paid" component of this mornings NAPM as well as a recent chart of the US$, which is falling pretty fast. If he can save it, he'll need to pull a heck of a rabbit out of his... Can you say "recessflation"?