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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (625)2/5/2002 8:51:54 AM
From: Chip McVickar  Read Replies (1) | Respond to of 207308
 
Wall Street Journal's front page contains 11 (eleven) references to companies with accounting irregularities in today's paper. Most of this activity is confined to Enron and other players in the energy deregulation sector, along with the ceremonial dot.com companies.

IMO the boys are making good use of this event to clean house.
The markets are not going to crumble hard, but remain soft and choppy in both directions. To me any decline will be short lived.

The CLX studies look strong and so do the Index charts.

I will say that if the CLX fails here to remain strong, I'm Wrong... and we'll test the bottom at 8000.



To: robert b furman who wrote (625)2/5/2002 9:25:20 AM
From: Moominoid  Read Replies (1) | Respond to of 207308
 
I think that wave 5 of the decline from Jan 9 is complete.... I also figure that the earnings season is finished/ing and Enron will be there but beyond Tyco how much evidence is there of substantial trickery (didn't announce 700 acquisitions! worth billions... how do you even acquire 700 companies? - surely the financial effects of this should have shown up in the accounts, it seems not so they must be super murky...) ?