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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36573)	3/26/2002 2:38:50 AM
From: Johnny Canuck	Respond to of 67863

Gold prices and stocks were on fire Friday. Gold ended the day up $4.60 at $297. The move in gold prices was no doubt caused by traders betting on a potential meltdown in Japan in the next couple of weeks. Traders should note that the next few weeks could be quite pivotal for the global market, particularly the Japanese market. We have mentioned in previous newsletters the potential disaster looming in Japan as a result of new rules on banking deposits and asset valuations set to take effect on April 1st. Traders should keep a very close eye on Asia over the next few weeks. The Japanese Government’s manipulation of the stock market in March may have wrung the last remaining buyers, the shorts, out of the market. The month-long short squeeze in Japan no doubt flipped many a short to the long side. That fact presents a potentially scary situation developing in Japan should the market begin to sell-off as the only real buyers, the shorts, are long already. The week of Easter is usually one that witness’s low volume in the market. With the market exhibiting many of the signs of being topped-out it would be reasonable for traders to assume that the coming week will be one of selling. The powers that be however have shown a tendency to walk the market up on low volume weeks. Additionally, this week marks the end of the current quarter, a time when stock prices are manipulated (nothing new of course!). In the spirit of misinformation and deceit that is the back-bone of Wall Street, fund managers, institutions and brokerages "pretty up" their stock holdings in the final week and day of the quarter. Stocks that have outperformed the market tend to be added to positions and those that have performed poorly are dumped or have their prices run up artificially. This practice is fundamentally WRONG when one considers the oft-ignored concept of fair disclosure and truth in advertising, for the real purpose of window dressing ! is to make fund holders believe something that really is not true. As with all other con-jobs that exist in the market, traders should look to try and profit from this fake buying and selling. We have identified a handful of stocks that have shown a consistent trend of being window dressed over the last several quarters. The trading day before Good Friday (Thursday this year) is historically an up day 67% of the time with 21 up days and 10 down days since 1971. The trading day after Good Friday is historically one of the WORST trading days and is an up day only 29% of the time with 9 up days and 22 down days since 1971. Good Friday this year marks the end of the current quarter which is typically a day where the mutual funds and institutions manipulate the market and paint stock prices so as to be able disguise their actual performance and holdings during the quarter. Traders should also note that the following Thursday, April 4th is historically the WORST trading day of them all for the Nasdaq, with only a 23% win rate. With all this information in hand traders should be very wary of any low volume rallies this week. buysellshort.com

To: Johnny Canuck who wrote (36573)	3/27/2002 11:11:32 AM
From: Johnny Canuck	Read Replies (4) \| Respond to of 67863

Running list stocks confirming/upping guidance March 26,2002 MCHP NXTL ANAD ANEN RMTR TTWO RCL UCL ELBO * TREE EK ITRI SMRT TSA CYMI PNR GM GE INSP CD ESST UAG EMN ROH TSG KEM PG CKFR CLX TKR DL TRB JILL FO TIBX EXEL ALLY STN UAG EMN JBL** IDTI SHW MVIS BYD GE FINL PFE GGC CBRL WTSLA BOL YELL TWR LBRT MANU DCN EMMS * ELBO sold off despite beating numbers for earnings ** JBL reducing rev for next 2 Q's, ups EPS due to better tax rate, ups rev and EPS for year, large new contracts 2H