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To: patron_anejo_por_favor who wrote (137483)	12/6/2001 4:32:02 PM
From: yard_man	Read Replies (3) \| Respond to of 436258

BFD!! biz.yahoo.com

To: patron_anejo_por_favor who wrote (137483)	12/6/2001 5:14:29 PM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

The Recovery Of The US Financial Markets After The WTC Attack Has been managed and supported by the Treasury Department and the Federal Reserve. This is a duplicate of a post which I made to the e-wave thread. Given the discussions which have been taking place on this thread concerning potential cycle turn dates I thought it worthwhile food for thought here. I understand that from the perspective of many of those who project cycle turn dates they are not subject to any factors. I am not in a position to dispute that belief. But I think that it is difficult to overestimate the effort that will be made to prevent a cycle turn from occurring this month. (Unless of course we have been going down and the next cycle turn is going to be up. <gg>) On the afternoon of 11/28 SPX broke below the bottom trend line of the rising wedge it has been within since the October lows. On the afternoon of 11/29 it attempted to regain the wedge and essentially failed. On 11/29 the rising wedge break down began. Left to its own devices this breakdown had a retest of the September lows as its target. Most, if not all of this retrace would have occurred in the period of time which includes the remaining shopping days before the holidays. These days, from the Friday after Thanksgiving until Christmas, known in the retail industry as the WOW days, provide approximately 70% of the revenue generated by broadline retailers in the US. Given the adverse affect which a market decline of the expected magnitude was anticipated to have on those expenditures, and the dire consequences which such a decline could be expected to have on an already fragile, if not fractured, US and Global Economy, a decision was made to delay the breakdown. Towards that end market interventions were began on 12/4 that resulted in the average regaining the wedge yesterday afternoon and displaying support from the bottom trend line of the wedge today. Given the importance that was placed on preventing the breakdown from occurring during these key shopping days in December, and the magnitude of the effort which has already been made, it should be anticipated that additional actions will be undertaken as required to postpone any significant market decline at least until the end of the year. A number of potential cycle turn dates have been discussed which occur in mid December. It should be anticipated that the full resources of the United States Government would be brought to bear, as necessary, to prevent a material decline in the market in the remainder of this year. One would not be incorrect to believe that this has been determined to be a matter of national security.