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

To: Augustus Gloop who wrote (7132)	9/17/2001 12:55:37 PM
From: Augustus Gloop	Respond to of 10077

I hope we have the eye in the sky watching them! Monday September 17 7:23 AM ET Taliban Officials Flee Afghan Capital Photos Reuters Photo KABUL (Reuters) - Officials of Afghanistan (news - web sites)'s ruling Taliban movement have started to flee the capital, Kabul, amid growing expectations the United States is preparing a punishing attack on the purist Islamic movement, witnesses said on Monday. Taliban officials and their families were heading out of the city for the relative safety of the countryside, but it was not clear if this was under instructions from their spiritual leader, Mullah Mohammad Omar, the witnesses said. Tens of thousands of Afghans streamed out of major cities and headed toward the borders with Pakistan and Iran, amid fears the United States is preparing to unleash a ``mighty war'' on the land that has harbored Osama bin Laden (news - web sites), prime suspect in last week's terror attacks in New York and Washington. Trying to stave off war, Pakistani officials held talks in the southern city of Kandahar with reclusive Taliban leader Mullar Mohammad Omar to ask him to hand over bin Laden or face the wrath of a full U.S. military offensive. The United States has threatened to retaliate against bin Laden, the Saudi-born zealot whom Washington accuses of being behind Tuesday's devastating terror attacks in Washington and New York, as well as those who protect him. The fleeing Taliban officials appeared mainly to be junior commanders and officials, witnesses said. The majority of the leadership is based in Kandahar. THOUSANDS STREAM TO SAFETY Witnesses said hundreds of ordinary residents of the capital were also trying to escape. ``Better leave now before you are trapped,'' said one Kabul resident. Fear of reprisal has triggered a rush to get families out of the cities. Thousands of people have flooded over the eastern border to the already overflowing refugee camps of Pakistan. ``We are preparing for the influx of tens of thousands of people who are now on their way toward the borders of the neighboring countries,'' said Yusuf Hassan, spokesman for the United Nations (news - web sites) High Commissioner for Refugees (UNHCR) in Islamabad. The exodus of Afghans was flowing out of the capital, Kabul, the southern city of Kandahar and eastern Jalalabad, he said. Others were heading toward Iran from Herat in the east and Mazar-i-Sharif in the north. Iran has already closed its border with Afghanistan. Hassan said tightened security at Pakistani border posts had left several thousand Afghans stranded in villages near the border and it was difficult to assess the exact number of people on the move. But he said reports from UNHCR field staff suggested most of the refugees are moving toward Pakistan, which has tightened security at its porous 1,400-km (880-mile) border with Afghanistan. BRACING FOR WAR These who couldn't leave were bracing for war, stocking up on food as prices soared and the Afghani currency slid. With Iran having sealed its border with Afghanistan, opposition fighters controlling a narrow northern corridor and Pakistan pledging to support U.S. anti-terrorism efforts, Kabul residents were feeling increasingly vulnerable. Mullah Omar, the Taliban's spiritual leader, on Sunday called an urgent meeting of senior clerics to discuss the defense of his isolated nation and appealed to other Muslim nations for help. ``As regards the possible attack by America on the sacred soil of Afghanistan, veteran honorable ulemas (clerics) should come to Kabul for a Sharia decision,'' Mullah Omar said in a statement broadcast on the Taliban's Voice of Shariat radio. Information Minister Qudratullah Jamal said the meeting of about 1,000 delegates would take place by Wednesday and Omar -- who rarely ventures outside Kandahar -- would not attend. The Taliban insist neither they nor bin Laden had the capacity to organize an international plot that saw trained pilots hijack large passenger jets and crash them into the World Trade Center towers in New York and the Pentagon (news - web sites) in Washington.

To: Augustus Gloop who wrote (7132)	9/17/2001 1:04:52 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 10077

Mortgage rate are actually up .25 today (Mrs. McKie is on phone with mortgage broker right now). But he suspects that the rates will come down.

To: Augustus Gloop who wrote (7132)	9/17/2001 1:09:20 PM
From: HG	Read Replies (2) \| Respond to of 10077

60 ? Sheesh....why not 100 ? <groan> JXM, even with all this liquidity pump in and aggressive determination of the fed to bail the economy, do you expect consumer spending to continue to be cut continuously ? I need to get my camper out...

To: Augustus Gloop who wrote (7132)	9/17/2001 3:19:30 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 10077

Gloop... I know we've discussed the potential of the VIX spiking well over 40....just wanted to post this from John P's thread. Category: TA From: timord (tim ord) To: ALL Date Posted: September 17, 2001 at 12:36:53 Subject: Selling Climax This is the commentary we sent out last Friday, "We said on Tuesday’s (9-11) update, “A bullish Wyckoff move called a “Spring” was triggered yesterday, triggering us in on the long side on the S&P. If the recent lows do not hold, than a Bullish “Selling Climax” may occur next. A “Selling Climax” is a big down move with huge volume ending the down move in a climatic way. If a “Selling Climax” does occur over the near term, it will mark the end of the decline at least from the May 22, 2001 high if not the end of the decline off of the March 22, 2000 high. Either way, a strong rally will ensue after a “Selling Climax” is completed.” To end this decline a “Selling Climax” has to occur. Either it happens now or a little later. To gauge a “Selling Climax” is occurring, the VIX will exceed 40 and possible reach 60 and could even go higher. The intraday ARMS will exceed 4.00 and the “5 day ARMS” will reach near 10 or higher. The downtick readings will approach or exceed 1200. The volume will be huge, reaching 2 billion or more. The “CBOE total put call ratio” will exceed 1.06 and close near the high of the day. Usually a very large bullish candlestick pattern will form on the day of the low that coincides with a bullish downtick reading. If the statistics above materialize, than that will mark the pinnacle of the decline, and the market will start a strong rally. I don’t know what will happen Monday. Either the bullish “Spring” holds and the market bounces and delays the “Selling Climax” or that it heads into a “Selling Climax” now and ends the bear market. Either way the market is not far from a bull market starting. America will endure “one nation under God with liberty and justice for all”. The only end in sight is this bear market." So far we have the extreme downtick reading near 1200, and the high VIX reading over 40 and the volume will be huge today exceeding 2 billion along with the "CBOE total put call ratio" exceeding 1.06. Therefore the "Selling Climax" is happening now. It could last one more day. Times like the present (statistics wise) are rare. After the "Selling Climax" a re-test is likely and that would be the time to look at call options.