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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (5495)	9/28/2001 6:01:06 PM
From: klatt_attack	Respond to of 8150

note sure what pete said, but nasa called me late last night... catchawav.com

To: da_cheif™ who wrote (5495)	10/3/2001 10:21:06 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 8150

>>so wat did eliades say... << He was more entertaining then usual in the August 3rd muse'ings. Devoted almost the entire newsletter to why a recent buy signal on the Coopock Curve had failed. He had actually turned bullish over the weeks prior to Aug. and was reneging on that stand. "We continue to see evidence that the recent market behavior has been very unusual, and in many cases we now have evidence that the market is doing things it has not done in several decades and, in some cases, it has not ever done before." He notes the 10 Trin reading of +1.50 in March '01 (calls it the Trading Index)..., adding that this indicator is not acting reasonably either on a historical basis..., therefore, "...the market has not been performing in the fashion we have come to expect from data garnered over the past half century." Actually (if my data is correct) this 10 day Trin has been over 1.30 a dozen plus times in the last six months hitting 1.60+ often, without triggering a major bottom. In the end he's basically confused and saying these signals may suggest the DOW will repeat the bear market that began in February 1993 "For those of you who do not recall that time period, the DOW was about to embark on the third worst bear market of the 20th Century, declining almost 50% over the next 22 months." Also he's saying; "...the Nasdaq Composite has already generated an almost unbelievable nominal four year downside projection calling for a decline down to at least 252.50." As of Aug 3.., He had his clients 100% in cash. This guy missed most of the 1990's bull market with bearish stands, missed most of the recent serious bear declines and has made almost no money for his clients for over 10 years....? Wonder Why he keeps doing this nonsense...! But in all fairness he's a Good Read and has some interesting insights. Also confirms my belief that you can't reliably trade todays market by looking at 10 year and 30 year old market activity.