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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 (25966)	12/13/2001 10:02:17 AM
From: Les H	Read Replies (1) \| Respond to of 52237

The other thing to consider is that efforts to stimulate demand before and since Sep 11 may be drawing demand forward so that next Spring will be weaker than expected. Also, the continuation of the new car incentives will hurt sales of other goods since the traditional car buying season is usually March to June. The current period in which people may have spent shoring up personal balance sheets was instead preoccuppied with getting further extended in debt.

To: Paul Shread who wrote (25966)	12/13/2001 10:17:19 AM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Here are the complacency indexes this morning. ST Naz CI: 28.806, 77.313 MT Naz CI: 64.054, 88.546 LT Naz CI: 88.590, 95.707 ST S&P CI: 56.073, 61.538 MT S&P CI: 60.401, 70.724 LT S&P CI: 89.115, 89.878 QQQ has tried to hold above the 200 SMA again today, but it fell through it for just an instant a minute ago, hitting 40.56. The 200 is at 40.61. The 200 has become the new support level for the Naz. How long that'll last, I don't know. For the Naz, the 200 is at 1937. Right now, the NDX is a few points below the 200. Maybe that means trouble. The CI's have been moving wildly up and down, and there haven't been any good extremes lately that provided clear signals. Maybe allelomimetic trading provides more of a clue: "WOBBLER (horse): A young horse that shows swaying action of the hindquarters, stumbling, and distorted movements, particularly when trotting." I suppose it also says something that so far, the shills haven't been able to hold up the market for PRU's debut. EDIT: QQQ is now breaking below the 200 again -- well below it, at 40.47. That's not good news, folks. That was supposed to be the new support level. A foundation of mud, ya know.