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To: IQBAL LATIF who wrote (37763)4/1/2001 8:53:12 PM
From: zone_boundry  Read Replies (1) | Respond to of 50167
 
Saw this

northerntrust.com

here

Subject 36945

dwj

P.S. Long time lurker, long time Ike fan....



To: IQBAL LATIF who wrote (37763)4/2/2001 7:46:29 AM
From: Jerry Olson  Respond to of 50167
 
Good Morning Ike and all...

i am going to provide my thoughts this week on market direction and some intraday trades and changing trends..

please set up a window with this url.

buyitbuyitsellitsellit.com sure the "C" in charts is a capital letter...

then during the day hit your refresh button to view new charts...

currently i have the Daily Chart of the INDU on that page, showing that hammer bottom on March 22nd...with resistance just overhead at the 20ema, the red line..the 20 period exponential moving average...the blue line is the 40ema and the black line is the 200ema...

at noon time today i will post here my morning e-mail each day that i send to subscribers earlier...while this is NOT any solicitation of my services...as i may be moving to another trading venue soon...i welcome all comments as to the validity of this work..good or bad...

as of this date..the hours it takes to do this type of work is about 10 hours a day..from 6 am to about 5 pm eastern...i do not know how much longer i can keep up this pace without help<G>...

i am going to be 60 yrs old this month..he he he...and i'm trying to hook up with a larger company thinking about using TV as their new enterprise...also i am writting several articles that i need to get published for credibility...so as for the room?? we'll see...

daytrading is now my life...my livelyhood..my total income base...i love it..do it well, and trade with calm, cool effectiveness each and every day...

i hope i can help some folks that hang out here...

best of luck

OJ



To: IQBAL LATIF who wrote (37763)4/2/2001 1:25:37 PM
From: James Strauss  Respond to of 50167
 
Can any one make an effort to explain this?

Numbers tell me a different story, a little different script from the present carnage of the
markets. The GDP figures of the 4th quarter 2000 have been revised to 1%, the
economy has been week all along during the last two quarters of 2000, but the sales and
the profit numbers of the top companies show a slightly different picture.

In year 2000, 817 companies that make the Forbes 500 lost market cap by 20.5%, the
Market Value 500 in 2000 is 10.7 trillion lower by -20.5% and far lower than +15.7%,
average 15-year growth rate. Now this is good enough and makes the bear case looks
good, however, the tricky part is the next one.

The total employment of these companies 817 companies that form the Forbes 500
increased to 24.9 million, an increase of 4.1% over 1999 a rate that is 1% higher than 15
years growth rate of increase of employment.


Ike:

The employment strength has also been perplexing for for me... Then I realized that employment numbers are lagging indicators... At the peak of a cycle everything looks great even while some economic deterioration is beginning to take place... Recently unemployment went from 4.0% to 4.2%... Still very low by any standards of bull or bear markets... But should start moving towards the 5.0% area in the months to come as layoffs begin to impact consumer demand negatively and pressure more layoffs...

As I type this the Dow is still above 9600, the Nasdaq and SP-500 are doing battle at 1800 and 1150 respectively... The economy still is showing resiliency the way it did at the end of the Carter administration before it went into its big funk in 1981-82... Then in August of 82 the market took off for a 20 year ride... The difference then was 10% unemployment and Ketchup was considered a vegetable... : > Now, more people are working and it's unlikely that we'll see 10% unemployment... But, 5.00% to 6.00% is a possibility if the FED doesn't get cracking fast...

Jim