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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: augieboo who wrote (998)7/1/2002 1:10:54 PM
From: Jim Willie CB  Respond to of 89467
 
a primitive NazComp chart, looks like no base building
instead it looks like a knife cutting down hard
a stairstep process whittling away support
I see on characteristic "heel" noted in support bases
the PPT has their work cut out for them
every time they act, they leave blood in the shark waters
and they are intervening more and more frequently

finance.yahoo.com^IXIC&d=c&k=c1&a=v&p=s&t=1y&l=on&z=m&q=b

this is gonna end badly, in due time
/ jim



To: augieboo who wrote (998)7/1/2002 1:13:04 PM
From: Jim Willie CB  Respond to of 89467
 
a primitive NazComp chart, looks like no base building
instead it looks like a knife cutting down hard
a stairstep process whittling away support
I see no characteristic "heel" typical in support bases
the PPT has their work cut out for them
every time they act, they leave blood in the shark waters
and they are intervening more and more frequently

finance.yahoo.com^IXIC&d=c&k=c1&a=v&p=s&t=1y&l=on&z=m&q=b

this is gonna end badly, in due time
I see no evidence of capitulation
in fact, with all the early morning futures posturing,
e.g. Naz futures, Dow futures, S&P futures
they take away all opportunity for capitulation
after WCOM splashed headlines, Dow opened minus 150 pts
it was pure building from there, with an initial downdraft

this has essentially transferred much of the risk to the futures exchanges for any capitulation
I dont believe that is how to end the retail investors throwing good money away after bad

/ jim