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

To: Chris who wrote (26813)	1/2/2002 2:35:19 PM
From: James Strauss	Respond to of 52237

Chris: The Nasdaq looks like it's going to test the 1900 area... It is having trouble getting above its 2 year 50 day MA... bigcharts.marketwatch.com Jim

To: Chris who wrote (26813)	1/3/2002 10:31:03 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

Congrats on EMC. Buy 'em when no one wants them and sell them when everyone wants them. -ggg- My signals were a bit early on that one but it finally moved. Many of these potential bull flags look like they are breaking upwards to the norm FA be damned. Just posted this on our site. Don't look if you are bullish... -g- By Lee_Lichterman on Thursday, January 03, 2002 - 10:00 am: Edit New Fed Economic Report is out this morning looking at the over all National Economic Trends. A very Very Good read but a large file being about 3.6 Megabytes. It can be read from our Reading Page here on the Site at... marketswing.com or else it can be downloaded from the Fed Site itself at... stls.frb.org Not exactly a rosy picture from what I have read so far and the charts they post. Don't get me wrong, it isnt that bad from a strictly economic stand point as far as bottoming possibilities but when viewed with current stock valuations in mind, you have to wonder why Greenspan didn't recognize the bubble and call it one when he had the chance and also wonder what the heck are we doing trading at these levels over the last couple years!!! It seems clear things were changing earlier than it appeared on market indexes. Their first chart shows a real stagflation starting in 1997 yet that is exactly when the market seemed to start gaining momentum upwards even faster than before driving a total disconnect between stock prices and fundamentals. The remaining charts seem to show a decline from '98 on except for one spike in Q3 of '99. Looking at this data as I watch the markets sore up higher to even higher valuations this morning, I have to go back to that feeling we have just totally lost our minds and this just won't end until it just completely blows up in our faces. We can only trade the ripples or ride the waves as some say while we wonder how long we can totally ignore reality, historical valuation models and continue trading pokemon cards instead of stocks based on company returns on invested capital. If you want to be bullish, don't read this report because the market and the economy are going in totally different directions and have been for years according to our own government. Good Luck, Lee