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


To: Lee Lichterman III who wrote (5546)4/10/2001 7:34:17 PM
From: dennis michael patterson  Read Replies (2) | Respond to of 52237
 
Lee, we did poke through 1850 on the COMPX today which, to some, was important resistance. For the first time in a long time, I actually think the fundamental backdrop is most important. And in tech, it's horrible. Just because there have not been more horrendous pre-announcements does NOT mean that companies will say anything other than "it's awful" when speaking to forward-looking guidance. IT spending has just collapsed. Tim Luke was on Moneyline tonight and went through the situation in semis. No bottom until end of summer, minimum. I continue to buy on Sew Class One buys and sell when I make 3 percent or more



To: Lee Lichterman III who wrote (5546)4/10/2001 9:54:45 PM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
>>Yield curve uninverted after inverting and predicting this slowdown a couple years ago. <<

The yield curve didn't become fully inverted until late July, a little more than a month before the top in the broader market. It is now almost fully uninverted; just need a little bit more on the 6-month/1-year. Don't know how close the relationship will be at the bottom...