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

To: Peace who wrote (36897)	11/30/2000 10:02:39 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

>>IMO it is time to start building longer term positions. << I have no idea about how far we need to go. The fundamentals are awful AWFUL! There is NO growth, at least nothing like what we've been used to. We will avert a recession only if AG cuts rates soon. I do not think he'll do that. The rate increases have effect 6-9 months after they are made. The Fed went too far. Christmas will be a retailing disaster (not for consumers!). It's not a new paradigm, just the old one.

To: Peace who wrote (36897)	12/1/2000 9:45:47 AM
From: Paul Shread	Read Replies (2) \| Respond to of 42787

We completed the second bear leg in percentage terms on the COMPX (5132-3026=41%, same as 4289-2523). I agree that the point move may ultimately be the bottom. That would give us just under 2200, which coincides with 78.6% of 1357-5132 (there is no meaningful Fib number here). BWDIK. I think it's odd that the COMPX has cratered 50%, the S&P 15%, and the Dow 10%. May just be bringing everything back into alignment, but it wouldn't surprise me to see the whole market tank now that everything is on equal footing...