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


To: Challo Jeregy who wrote (16790)8/25/2001 5:31:53 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 52237
 
this is why I stay confused -g-

what a difference between Hays and McClellan-

Barron's market watch featured McClellan's market report. I know that you
follow the oscillator. It's not at all bullish for US stocks or US dollar:

<AUGUST 10 ~ We see numerous signs pointing to an important stock market top
due August 27. For one thing, that is when stocks typically top out in the first year
of a presidential term. Stocks also tend to make mid-October bottoms in first
years, and we see plenty of vulnerability for a meaningful decline between that
August 27 top and around October 12.

Bonds should lead the way lower, making as severe a decline as we've seen in a
while during August and September. This is not the time to be a brave bond bull
when Uncle Sam is selling his biggest quarterly net issuance in five years. Gold
has bottomed and is poised to challenge its five-year downtrend line. Gold should
get an even bigger kick in September as the dollar slides.>

A good explanation, for anyone interested, on the McClellan oscillator, at the
McClellan website:

mcoscillator.com

Message 16247811