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

To: Paul Shread who wrote (11776)	7/16/2001 1:04:49 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

"MSFT sure is surprisingly weak for a company with so much 'great' news lately." Well, when the techs go down, they all go down together, it seems. It's a stock market, of course, not a market of stocks (though there are those struggling [against the tide] to make headway with individual stocks and charts who would prefer to believe otherwise). Put another way: a market of lemmings. They all go over the cliff together.

To: Paul Shread who wrote (11776)	7/16/2001 1:07:21 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 52237

Hi Paul Just moved inside the black fork .. potential for a 300 point S&P drop homestead.com today upper tine is at 1209.61 SPX cash

To: Paul Shread who wrote (11776)	7/16/2001 2:56:17 PM
From: Arik T.G.	Read Replies (1) \| Respond to of 52237

Thanks, Paul >>I would take an NYSE-led sell-off as a sign that the whole enchilada is going to get worse Yes. And a weakening USD is a big component of said enchilada. >>...which means tech could be about to make a comeback, or everything else is doomed too. The latter, I guess. But maybe the communications infrastructure sector was punished enough. Semis surely were not, as demonstrated today. >>They were also pumping asset allocation, which makes me think inflation might be about to soar Oil=energy prices aside, I'm not worried about inflation. The supply side of the aggregate equation was big enough to quench the thirst of the American consumer in '99 and 2000 with no apparent inflation, (inflation in stocks and real estate already abated). It can certainly handle 2001 and 2002 demand IMO. In depression, cash is king. If the US gets as far down the spiral where lower interest rates fail to jump start the economy (as happened in Japan - not that I'm comparing the two economies), then the current situation would be described in hindsite as "No win situation". In that scenario, defensive measures should include currency diversification (Euro, Swiss Franc, a little Gold) and a whole lotta liquidity. No 123 Donald's follow through today so the trend is probably still down (and the Fib 61.8% worked like a charm). The trouble if the down trend continues is the bearish EW count allows only a very powerful move down now (3 of 3) so watch out. ATG