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

To: Chris who wrote (30598)	2/22/2002 6:23:34 AM
From: Square_Dealings	Respond to of 52237

Fibonnaci Levels using the Sept. 10 2001 lows. Tonight I went back and looked at Fibonnaci levels using the Sept 10 lows compared to the recent highs on the indexes. Its very interesting because I think the retracements since the beginning of this year are lining up better with Fibonnaci levels using the Sept 10 lows. It makes sense to me because we should be comparing the market performance relative to the pre- Sept 11 tradgedy which was a random event. Using these levels it looks like the NAZ important test now is Sept 10 low of 1673 (already failed 61.8 retrace) For the SP500 we tested the Sept 10 low on Wednesday and held like 1 pt above so 1073 is important For the DOW - last weeks option expiration ramp up was contained at the 38.2 retracement (very interesting) and now we are trading below the 50.0 retrace level. So for the DOW the next support is at 9801 (61.8 retrace). I kept wondering what was so important about the DOW 10,000 level and now I see that's right where the 38.2 retrace level is using the Sept. lows. M.

To: Chris who wrote (30598)	2/22/2002 6:39:54 AM
From: Square_Dealings	Respond to of 52237

<ge monthly chart..> GE has under performed the SP500, DOW and NAZ on the strength of the rebound from the Sept.10 2001 lows. GE was breaking down badly before the WTC disaster, and its still trading below its Sept 10 low. I think the earliest to buy GE would be around 39 and better to wait for a break of the double top at 41.5 imo. M.

To: Chris who wrote (30598)	2/22/2002 9:36:31 AM
From: Chris	Read Replies (2) \| Respond to of 52237

09:07 ET Dell Computer: Merrill sees buying opportunity (DELL) 23.77: Merrill Lynch says that recent decline in DELL has created an especially attractive buying opportunity; does not expect PC demand to pick up until Q3, but believes investors should be aggressive with forward four qtr P/E of 31.6.

To: Chris who wrote (30598)	2/22/2002 9:37:22 AM
From: Chris	Respond to of 52237

08:17 ET Anheuser-Busch upped by B of A after guiding higher (BUD) 48.56: Banc of America upgrades to BUY from Mkt Perform with a $56 target after BUD ups EPS guidance to 12% for FY02 and the next few years. 08:16 ET Cisco Systems: UBS lowers ests, cuts price target (CSCO) 15.11: UBS Warburg lowers 2002-03 ests on CSCO due to channel checks indicating a lack of meaningful pick up in the U.S. enterprise market, continuing weakness in carrier capex spending, and delays in decision-making on next-gen SONET RFPs; maintains Buy rating, but lowers price target to $21.50 from $23.50. Separately, Goldman Sachs initiated coverage on CSCO last night with a Mkt Outperform rating (see 9:35 PM comment).

To: Chris who wrote (30598)	2/22/2002 11:03:55 AM
From: Chris	Read Replies (1) \| Respond to of 52237

note the dates: wed. feb 20 merrill raises Circuit city biz.yahoo.com today feb 22 07:18 ET Circuit City warns for Q4; details CarMax spin-off plan (CC) 23.59: Co warns that sales for January and February combined are running below expectations. As a result, co projecting Q4 earnings from the Circuit City biz of $0.68-$0.71. Total EPS for the qtr, including CarMax contribution and increase in lease termination costs, forecasted at $0.70-$0.74 (consensus $0.75). Co also announces plans to separate the CarMax business from the Circuit City business in a tax-free split-off.