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

To: Paul Shread who wrote (36468)	5/24/2002 3:14:13 PM
From: heronwater	Respond to of 52237

Thank you Paul. Donald is watching for this buy signal which should come (roughly) within 2 months from April 29. Donald plans to go long with 70-80% of his portfolio if the signal hits, calling for a significant rally. This certainly falls in line with Hahn's time frame.

To: Paul Shread who wrote (36468)	5/24/2002 9:05:51 PM
From: Kip518	Respond to of 52237

Fleck quotes Richard Russell thestreet.com "Russell, May 23, 2002: "I see two massive forces operating in the markets and economy at this point. The first is that we are in a long-term, primary bear market. This will entail stocks moving from their current extreme of high valuations to an ultimate area of great values and undervaluation. How we get from here to there will be the story of the coming decade. The second major force is the health and the trend of the dollar. The strength or weakness of a nation can be measured by the trend and level of its currency. Since in the current system there is no definition of any paper currency except as it relates to another paper currency, we watch the relationships. Of course, in the big picture, all paper currencies can be defined in terms of how much of a given currency it takes to buy an ounce of gold. "The dollar has been strong against the yen up to late January 2002. Since then, the yen has been stronger than the dollar. On this basis, the dollar has been stronger than the euro up to July 2001. Since then, and particularly since January 2002, the euro has been strong than the dollar. Up to March 2001, the dollar has been stronger than gold. But since March of 2001, gold has been stronger than the dollar. Gold has also been stronger than the yen and the euro. The Instinct to Inflate: "Investors and speculators turn to gold as or when they begin to lose faith in paper currencies. Currencies can go 'broke,' and history tells us that no paper (fiat) currency has ever lasted. This is because under the central bank system, the amount of a currency can be expanded at will. So, as a given government overspends (and all nations eventually overspend or exceed their budgets), it creates the needed currency. This process is called inflation. In due time, as inflation continues, the given paper currency declines toward ultimate worthlessness. Exceedingly Profligate: "The U.S. is now exceeding its budget, and in view of rising terrorism, there appears no end to the U.S. government exceeding its budgets. The U.S. has now elected to become policeman to the world, and this will entail massive, seemingly unending expenses. On top of this, U.S. consumers are exceeding their budgets. The savings rate in the U.S. has sunk to zero. Much of U.S. inflation has funneled into the price of housing. The housing situation has evolved into a bubble, and in due time, every bubble will burst. Golden Sun Vanquishes Paper Moonshine: "In view of all of the above, the Dollar Index has topped out, and gold has been rising. Gold has been rising as distrust in the dollar has been rising. There are only four major currencies in the world today. Three of them are fiat currencies, and they are the dollar, the euro, and the yen. The fourth is an intrinsic or commodity currency, and that currency is gold. "International competition by nations for exports is now intense. China and a few other Asian nations have become manufacturers to the world. In due time, we will see competitive devaluations of paper currencies as nations battle for their much-needed exports. In the end, the island of safety from the standpoint of money will be gold. The primary trend, the long-term trend of gold is therefore due north. Irregularly north, but nevertheless due north."