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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: SBerglowe who wrote (3810)	9/26/2002 1:10:48 PM
From: mansan	Read Replies (2) \| Respond to of 10157

EWI additional comment last night: <<The Composite has no business being above 1265 again anytime soon, nor the 100 cash above 908.>> It looks like Velo's count maybe make sense now. Boing!!! Boing!!! to Velo. But I'm not sure yet if Velo's smaller C is finished and we are now in a bigger C. Here is the comment from PHIL ERLANGER: His' record is very good. He does not use ewave. <<The short-term phase for both the S&P 500 and the NASDAQ 100 Squeezeometers moved to "mature uptrend" status. Intermediate-term for both remains in "downtrend" status.>> <<Yesterday's relief rally was focused on the beaten down NASDAQ issues. The media is reporting this as a short squeeze, but a better description is profit taking by short sellers. Just as bull markets take corrective breathers, so do bear markets. Such "breathers" tend to correct, and thereby extend, primary trends. Since we still view the primary trend as down, the current advance phase may be doing more damage than good, setting the stage for further declines into the "spooky" month of October.>> moneycentral.msn.com LINK ON TOP: One bear’s view Here at Dispatch, we have paid particular attention to the newsletter writings of Philip Erlanger in Squeeze Play largely because his “Squeezeometer” has been so accurate in predicting the market’s movements in recent months. What’s he have to say today? “We are concerned that short-term advances now will only serve to correct (and not change) the lengthy declines underway in longer time frames,” he writes. Based on a collection of indices he produces with market data, Erlanger says today’s rally doesn’t even resemble the fleeting one that started in late July. Result: “We have no enthusiasm for stocks at this time. The bulls have an ever larger mountain of overhead supply to contend with, as more stocks and indices have just reached new lows in this primary downtrend.” Erlanger continues to foresee a heavy sell-off sometime this fall. Only in that event -- which he terms a “big barf” -- will a true and lasting uptrend re-emerge.