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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: E. Graphs who wrote (307)8/21/2001 3:41:48 PM
From: Paul Shread  Respond to of 36161
 
There are those who say the Dow looks like it still needs a fifth wave up from 1982. My own view is that it will go down hard sometime in the next six months and stay down. Could be starting now, with the slow dawning of the Fed's impotence.



To: E. Graphs who wrote (307)8/21/2001 3:52:30 PM
From: Paul Shread  Respond to of 36161
 
SPX 1156 is holding still, but both INDU and COMPX made lower lows. That means recent strength either in oils or financials, and I suspect it may have been oils. The Dow financials have done nothing but slide lately.