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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (5081)	8/29/2001 10:17:05 PM
From: John Pitera	Respond to of 10077

sure at some point, but it could be from much lower levels McClellan had an interesting note that was in Barron's last week.....he'was looking for a TOP this past tuesday The McClellan Market Report P.O. Box 39779, Lakewood, Wash. 98439 www.mcoscillator.com 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. -- Tom McClellan