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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (14401)	8/10/2002 1:41:50 PM
From: Challo Jeregy	Read Replies (2) \| Respond to of 17639

I know - the "retrace" theory -g- I'm looking more in the nyse for longs than the nasd. Those momo's that everyone is trading can kill ya', in either direction. No congrats for my grub!?? For 8/5/02: On Jerry’s Weekly Appearance on MG & the Stock Doctor: Jerry has not been surprised by the market action over the past few weeks with the exception of a few scattered technical indicators early Monday. Jerry is calling for a test of the July 23-24 lows in the Dow and probably breaking below those levels. Jerry expects that to happen within the next few weeks but not within the next few days. On the Nasdaq, Jerry expects that the August lows will almost certainly be lower than July’s, since the Nasdaq was so close to those levels still on Monday. But if the Nasdaq falls below 1192 that will trigger an even more significant sell-off. Jerry believes that these lower prices will create fear and help the markets establish a real and significant bottom that will represent a buying opportunity where some real money can be made. At this time Jerry has advised his clients to be only 30 % invested in the markets, but to be watching for the signs to buy back in after the markets bottom out. Jerry predicts that despite the lower lows in August the markets could still close higher for the month.

To: Jorj X Mckie who wrote (14401)	8/10/2002 1:45:24 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 17639

Hey! Why aren't you at the zoo for baby J's b-day!?

To: Jorj X Mckie who wrote (14401)	8/10/2002 3:18:16 PM
From: AugustWest	Read Replies (1) \| Respond to of 17639

You think 1000 won't happen until October? There is a lot of economic news coming out next week cbs.marketwatch.com My guess is the Fed will trigger the bigger selling. I don't think it matters at this point what he does(except if he lowers by 50BPs it will sell harder) I'm still staying open to a continuation of this rally(with an early bias towards dip buying into the FED) but I also think we could sell off very hard later/mid week. Right now I'm thinking 1360 will be the top.