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


To: lurqer who wrote (8407)10/24/2002 5:02:53 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
I believe double top is the NORM in economic cycles
despite the bullshite promulgated by press/media

I expect it with US economy, World economy, chip sector
it is well underway into the 2nd decline

we might even see it in the RE REFI space

strangely, the double correction is what Elliott Wave theory and empiricals indicate
first break is of the speculator types
second break is of the mainstream types
interesting

it is good to have a visionary like you among us
complements a jackass critic and news hound nicely

/ jim



To: lurqer who wrote (8407)10/24/2002 5:07:24 PM
From: Jim Willie CB  Respond to of 89467
 
chips and banks are now set to reverse, chips underway

AllCyclical brought this SOX reversal to our attention
the SOX chip sector index now is hitting its 50dayMA hard
today saw a sizeable intraday painful reversal
ouch

stockcharts.com[h,a]daclyiay[pb50!b100!f][vc60][iUb14!La8,17,9]&pref=G

I might add that the BANK sector index is showing strain
23% in two weeks seems a big contrived, overdone, PPTeam-driven
eh hoser?

stockcharts.com[h,a]daclyiay[pb50!b100!f][vc60][iUb14!La8,17,9]&pref=G

with chips and banks reversing, I can only say
LOOK OUT BELOW, SUCKERS !!!

/ jim