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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (15438)	7/23/2002 3:19:34 AM
From: Warpfactor	Respond to of 23153

Great set of indicators Augieboo!! I feel better already. Nice work. It looks like Jim P is deserting the long camp here, and I think Gottfried and I are the last donors, er investors remaining long right now. We'll keep a light on for ya!

To: augieboo who wrote (15438)	7/23/2002 8:27:35 AM
From: chowder	Read Replies (1) \| Respond to of 23153

Augieboo, Warp ... You fellas are too smart for me. I can't keep up. I think I'm going to have to keep things simple. The bottom will be in when the volume dries up. A chart will clearly show this. Once the buyers are convinced the sellers are through, the buyers will start showing up. Again, a chart will show this too. Since the volume has been rising the last few days, it's best to sit and wait. When the selling dries up, the candlestick chart will flash a signal. Keeping up with this is hard enough for me. Hey augie, welcome to the thread. I'm looking forward to your contributions. I'm hoping to learn something, but keep it slow. I'm a slow learner. <ggg> dabum

To: augieboo who wrote (15438)	7/23/2002 11:38:40 AM
From: kodiak_bull	Read Replies (4) \| Respond to of 23153

augie: (slyly) hey, you got a nice set of indicators! Seriously, welcome to the thread. I've bookmarked those indicators (ain't cyberspace great?). Fwiw, I think we're close here, within 250 points on the Dow, for the summer bust (or maybe 7800 is pretty much it). You know we're near a bottom when the headlines say "stockmarket crisis." Kb

To: augieboo who wrote (15438)	7/23/2002 3:20:40 PM
From: stockman_scott	Read Replies (1) \| Respond to of 23153

FED WATCH: Weak Stocks Revive Rate Cut Talk, Again 23 Jul 08:00 By Michael S. Derby Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The seemingly endless tumble into the abyss suffered by the equity markets is keeping hopes alive in some quarters that the Federal Reserve will ride to rescue with yet another interest rate cut to end the pain. While few economists agree any such actions is either imminent or likely, the impact of such a cut would be primarily as a salve to investors' shattered nerves, and would be aimed at keeping stock losses from worsening to the point that they'd harm the otherwise health U.S. economy. For the Fed to cut rates now, it would be "purely psychological. At this stage and at this level of rates you are not looking at actually adding to the real economy" with such a policy shift, said Drew Matus, economist at Lehman Brothers in New York. Even a "purely psychological" move would be hard to justify, given that it falls outside the Fed's mandate, while the real economy shows no need for further monetary stimulus. Indeed, most economists agree that based on the performance of the real economy, there's no need for lower interest rates. Already, the overnight fed funds rate of 1.75% is at a 40-year low, and is down from 6.5% at the beginning of 2001. A survey of most of the economy outside of the financial markets is fairly positive and shows an economy that is shaking off last year's recession. While the corporate sector is still troubled, consumer spending has remained robust - retail sales rose 1.1% in June - and the much battered industrial sector's output continues to improve. Also, the employment sector has begun to firm, albeit in a slow fashion. But those same economists all agree that the economy's prospects remain fragile. They're concerned that if stocks continue to wither away it will cause the rest of the economy to suffer, as consumersrattled by their shrinking retirement accounts cut back on spending. And with businesses still not contributing to growth at the levels most economists would like to see, such a pullback could force the economy back into recession. So as is so often the case, a rate cut now would be a play for confidence by the Fed. Investors have found some hope in precedent, given that the central bank cut rates in the fall of 1998 and in the wake of Sept. 11 - each time in a bid to shore up sentiment around markets that were facing significant threats to their smooth functioning. The difference this time is that while stocks have lost a huge chunk of their total value this year, the selloff has been orderly. They system continues to function, and that's the Fed's paramount concern, especially since the rest of the economy is holding together, economists say. Blowback With few economic benefits to be had, some warn cutting rates now might actually hurt confidence levels and worsen the downward spiral, spreading the fear held by equity investors into the broader economy. Last week Fed chairman Alan Greenspan offered no signals that the Fed is viewing the financial market losses as a threat to growth. He told Congress that while uncertainty still surrounds the economy's prospects, "the fundamentals are in place for a return to sustained healthy growth," and he suggested the current scope of low rates will eventually be incompatible with expected growth levels. Greenspan also downplayed the role stocks play in most houses' overall worth by flagging the more enduring impact that rising home values have for most Americans. The Fed chairman "signaled last week that he's pretty comfortable with the performance of the economy," said David Greenlaw, economist with Morgan Stanley in New York. Lowering rates now "would be inconsistent" with that message, and that sudden shift would likely be seen as panicky and would exacerbate the market's current woes,he said. -Michael S. Derby, Dow Jones Newswires; 201-938-4192; michael.derby@dowjones.com (END) DOW JONES NEWS 07-23-02 08:00 AM

To: augieboo who wrote (15438)	7/23/2002 7:54:36 PM
From: Eddy Blinker	Respond to of 23153

<Anyone care to add any other technical indicators?> augieboo, Would you want to see the wicked Silicon Investor feeling indicator which i am running just for side kicks sake in my alarm clock on a scale of 0-2.00. The column is marked "SI". dow-jones.via.t-online.de Example. When the scale shows 1.89 in the evening you can buy a DJIA put option in the morning and collect 200 DJIA Points within a day or two. Because it`s a numbers game. Risk Factor on 200 Points 20%. Next time it comes up I inform the threat. Enjoy, ED