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

To: isopatch who wrote (28925)	1/31/2002 9:24:16 AM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

Great post, Iso. Not a word to add to it. GOLD and HGMCY up 2%-3% each so far today, much to my surprise. Will watch COTs carefully tomorrow; it seems an extreme in those can signal a turning point - but we aren't quite there yet (a two-week old chart, but didn't change much last week - a slight improvement for the better). cache.wsrn.com I'm torn between buying and holding gold stocks and booking profits when they hit extremes. So far buying and holding has been the way to go, and a case for a long-term gold bull can definitely be made, but they sure can be volatile, and profits can disappear fast in a sharp correction. What are the odds of a Fed official ever saying this? -g- Japan cannot artificially boost stocks-MOF Muto TOKYO, Jan 31 (Reuters) - Japanese Vice Finance Minister Toshiro Muto said on Thursday it was neither appropriate nor possible for monetary authorities to artificially boost stock prices. ``Stock prices are affected by various factors,'' Muto told a news conference. ``It is not appropriate to take a policy of avoiding further falls in stock prices and boost them. And it's something that can't be done even if that's what we wanted to do.'' The Nikkei average finished up 0.79 percent at 9,997.80 on Thursday, a day after closing below the psychologically key 10,000 mark for the first time since October. The broader, capital-weighted TOPIX index (^TOPX - news), which hit a fresh 17-year closing low on Wednesday, rose 0.73 percent to 971.77.

To: isopatch who wrote (28925)	1/31/2002 9:57:57 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

One other thought: at their lows yesterday, TYC and ELN were 50%-55% oversold, based on their 10-year valuation ranges (the Trouncing the Dow approach). I don't think I've ever seen a stock hit that level that wasn't good for at least a good bounce. I can think of only a few stocks that have gone that low in recent years: MO and WM at their 2000 lows, and BA at its September low. MO and WM went on to return 100% over the next year, and BA is up 30% from its low, but with a drastically lowered outlook. Will keep an eye on TYC and ELN to see if we have a pattern here.