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To: Earlie who wrote (144174)1/16/2002 3:53:21 PM
From: Tommaso  Read Replies (3) | Respond to of 436258
 
Hi Earlie,

Say, on one the threads someone was quoting an indicator that I think it was Lucien Hooper [?] had noted, that if the January indices go below the previous December low, it's usually a bad start for the year.

Do you, or does anyone know, the exact number on the Dow for the December low? Looks like it may have been about 9650 (intraday) on the charts. A little snakeoil never hurts--taken in extreme moderation.

EDIT--found it (closing low): "This time around, the December closing low is 9,763, set Dec.3"

well, we're at 9723 with four minutes to go.



To: Earlie who wrote (144174)1/16/2002 4:03:50 PM
From: benwood  Read Replies (2) | Respond to of 436258
 
I notice that luxury motor coach maker Monaco Coach hit an all-time high today. Also, in the Seattle Times today, it says that the boat show in Seattle is "...awash in sales." Guess those two seemingly contrarian indicators really show that the transfer of wealth engineered by Greenspan & Wall Street was very successful (the boats are something like $90k and up). Now that the middle class bubble has been deflating for a couple of years, I'd think that the wealthy class bubble will eventually captitulate as well.