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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 (27080)	1/6/2002 1:24:08 PM
From: Michael Watkins	Respond to of 52237

Hi Paul and Happy New Year! Also, I think Don's work shows we have a 90% chance of retesting the lows at some point. Just one hallmark of a major bottom is all I'm asking for. Just one. ;-) If 9-11 had not happened I suspect the same movement would have occured anyway. I've not been reading anyone's opinions on the market since then so I suppose anything I have to chime in with is old hat now, but I guess the 64,000$ question is whether the event is unprecedented or not, and if not, what the effect of a whoosh and galvanization of public opinion has on the market. It seems that we are in uncharted territory, if you'll pardon the pun. Just for kicks, I present the following ugly chart. It was drawn in the first few months of 2001 and the annotations have not been changed since. trendvue.com I was postulating at the time that the two rough bands of consolidation where H&S-like enough to justify measuring the range.

To: Paul Shread who wrote (27080)	1/6/2002 2:37:09 PM
From: BirdDog	Respond to of 52237

Not to argue with you. I do myself think, at this point, we should have some kind of pull back. Even if this is a new bull market. As far as the timing of the sept disaster. I thought there was ample evidence and admittance that the terrorists timed that on purpose to push us down at a weak point, financially. A rather tongue and cheek thought would be that binnieladen was using Elliot wave theory...more laughable than anything. But they were definitely trying to hit us at a weak spot. Hitting us at weak spots is all through all their terrorist manual. I can't argue. That if it didn't happen. The down trend might have lasted much longer and perhaps deeper. It didn't look good on Sept. 10th. We should also agree that the downtrend has been broken strongly for the nasdaq. BirdDog

To: Paul Shread who wrote (27080)	1/6/2002 7:01:12 PM
From: isopatch	Read Replies (2) \| Respond to of 52237

A few important economic stories from Asia <JAPAN'S ISHIKAWA BANK FILES FOR BANKRUPTCY AMID NET WORTH WOES TOKYO - Ishikawa Bank filed for bankruptcy with the Financial Services Agency [FSA] under the Deposit Insurance Law amid difficulty in eliminating its negative net worth. The FSA dispatched a receiver to manage Ishikawa Bank's operations and assets. The Bank of Japan will extend special unsecured loans to the bank until the receiver-led management ends. All deposits at Ishikawa Bank will be protected. The bank will continue operations into the new year and seek out an institution to take over its operations.> asiapulse.com <INDONESIA REPORTS 12.55 PCT INFLATION FOR 2001 JAKARTA - Indonesia's 2001 inflation rate comes in at 12.55 per cent with the 1.62 per cent just reported for December, according to the Central Bureau of Statistics [BPS], significantly higher than the 9.35 per cent rate in 2000. BPS said the high inflation rate in December was an impact of price increases during year-end holidays, Moslem festivities and Christmas.> asiapulse.com