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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (74188)	6/3/2002 8:38:18 PM
From: Secret_Agent_Man	Respond to of 99280

CARTEL CAPITULATION WATCH The stock market continues to sell-off on good U.S. economic reports. When the stock market went up after September 11 after bad news, the Wall Street pundits remarked how important that was (the way the market acted). Now that the opposite is occurring, they say the stock market action is misguided. The big names are all breaking down. GE closed below key technical support, finishing at $30.11. It is trying to catch up to the other Big Blue, IBM. J. P Morgan Chase has to deal with the gold derivative neutron bomb. It sank to $34.66, down $1.29. The Treasurer of beleaguered El Paso Energy commits suicide. Their stock plummets to $21.95, down $3.70 Embattled Tyco CEO Dennis Koslowski abruptly resigns due to an investigation into his personal finance. The stock of Tyco tanks and further vindicates Prudent Bear’s David Twice, who took Tyco on years ago and was vilified by CNBC for doing so. Tyco’s share price is headed for Argentina. The Dow broke ALL support closing at 9710, down 215. The NASDOG continues to bark on its way to 500+. It is headed for the South Pole. The CRB continues to rise, closing above 204. The prices paid component in today’s ISM Manufacturing Index was higher than expected, raising some inflation concerns. The dollar was routed when the stock market was buried. It is close to making new lows, closing right above 111. Reports such as this one are on the increase: <>Global: The Dollar Bubble Stephen Roach (New York) The post-bubble US economy has not been lacking in aftershocks. The collapse in business spending on information technology is at the top of the list. In close pursuit is the meltdown of the telecom sector. But not all of the excesses have been purged. Could the dollar bubble be next to pop? morganstanley.com

To: Zeev Hed who wrote (74188)	6/3/2002 10:39:30 PM
From: robwin	Read Replies (1) \| Respond to of 99280

Zeev, The SOXX is near your 440 target..won't take much to breach..i fear 400 will be gone before long as well...hmmm...