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


To: Paul Shread who wrote (20962)10/5/2001 4:42:28 PM
From: gerard mangiardi  Read Replies (2) | Respond to of 52237
 
Market had every reason to sell off this afternoon. I'm long and not fighting the tape.



To: Paul Shread who wrote (20962)10/5/2001 5:15:54 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 52237
 
Paul: Good find.



To: Paul Shread who wrote (20962)10/7/2001 10:42:02 AM
From: Chris  Respond to of 52237
 
one thing i must keep in mind is that the economy will be heading into recession, but the market itself is still tradeable and also is forward looking.

it is my belief that the dow/spx currently is in a countertrend bear market rally. thus, i have not bought any non-techs.

however, naz chart looks much better, but then again, if the dow/spx falls, how much down pressure will hit naz.

open ended questions. only time will tell.



To: Paul Shread who wrote (20962)10/7/2001 11:27:07 AM
From: Chris  Read Replies (1) | Respond to of 52237
 
spx chart linear and log

geocities.com

weekly scale. circled areas show areas of resistance



To: Paul Shread who wrote (20962)10/7/2001 12:12:35 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 52237
 
three criteria needed for stock bottom recovery
(these are professed by John Mauldin of Millennium Wave)

he calls them the Three Amigos:

1. Junk Bonds must recover from a bottom
- in late August they seemed to begin to show some life
- then came the WTC attack, and they are wilting again

2. Mfg Capacity Utilization must turn upward
- it has steadily deteriorated since last summer 2000

3. NAPM Price Index must show improvement
- it has been poor and weak for some time

Mauldin researched recoveries from recessions since 1960
recovery by the Three Amigos has preceded all common watched indicators
e.g. Bank index, SOX index, Leading Economic Indicator

I like watching 2-3 leading chip equipmt stocks as confirmation of SOX leaders like Intel
I like to watch BKX also as signal of financial foundation health

right now I think a few big banks are in serious trouble
from monstrous loan portfolios to failing companies
like Xerox, like LTV Steel, and dozens more

/ Jim