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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (1588)	4/8/2001 10:11:57 PM
From: Chip McVickar	Respond to of 12411

Michael, I don't understand the slice of the workers pie that the investment communities taking heads "Talk About." The blue collar working folks are connected the markets through pension plans and in some cases the unions, along with some sprinkling of Insurance vehicles they've been sold. What they don't have under mattresses and savings accounts they are expecting from social security. If they own a home, it's not tied to the stock markets. I believe the manufacturing sectors are still the dominant employers of American workers, not Internet, bioteck or information services. The white collars and technology folks are up to their eyeballs in the markets through 401k's , etc. If the market cracks harder fromhere, then their futures are at risk...., the damage would be worse then 1987, and a few less kids will going to university. I don't believe this economy is messed up, weak or in recession. I don't believe SS or Medicare is in trouble and I don't believe the real-estate markets are about to croak. But I do believe the markets will be supported unless an unexpected series of events occur that the major players cannot control. It is possible that GW'a and O'neil are NOT smart enough to understand that the markets are supported, and how to go about obtaining the necesary paper work....? If this were discovered, that would be a big event. Chip

To: Michael Watkins who wrote (1588)	4/12/2001 4:41:07 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 12411

From Robert Hahn: 4/12/01 "After a major breakdown in the market (like what happened to the DJIA in March) it's still in the “crash format” to expect a 50% retrace off the first reaction low, which is what we've had in the DJIA. From the January 31 high (record high in the VLE arithmetic index) we are now in trading day 49. The danger is not past until we get well past the 54th and 55th day after a record high. Crash patterns of the past have culminated around the 55th day. Also, the Arms Index in excess of 1.5 on March 22 is a historical indicator of a major market low, within 20 days. We are now in trading day 14 past the March 22 event. Day 20 is options expiration day on April 20."