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

To: upanddown who wrote (17469)	11/1/2002 1:45:58 PM
From: kodiak_bull	Respond to of 23153

John, Keep talking like that and we can get you a regular slot on CNBC. Here's the Dow on Zigzag: stockcharts.com[h,a]dbclyiay[pb10!b50!b200!i!e7!f][vc60][iut!Lh14,3!Li14,3!La12,26,9!Lb14!Lg!Lc9!Lf15]&pref=G If we stretch it out a little bit, it looks like this: stockcharts.com[w,a]dbclyiay[d20011101,20021101][pb10!b50!b200!i!e7!f][vc60][iut!Lh14,3!Li14,3!La12,26,9!Lb14!Lg!Lc9!Lf15]&pref=G The problem with going with the seasonality argument is that when it doesn't work you're left with waiting until the following November to try it out again. Stretching it even further, look at this, and look at the volume. I'm not sure what to make of it, but if I had to predict where this action and volume was leading, it would be down: stockcharts.com[w,a]wbclyiay[d19991101,20021101][pb10!b50!b200!i!e7!f][vc60][iut!Lh14,3!Li14,3!La12,26,9!Lb14!Lg!Lc9!Lf15]&pref=G On the GDP numbers, Steve pointed out to me that they might be skewed upward by auto sales in the month. I suppose autos fall in as a personal consumption durable good, up 22.7% compared with 2% last month? "Real personal consumption expenditures increased 4.2 percent in the third quarter, compared with an increase of 1.8 percent in the second. Durable goods purchases increased 22.7 percent, compared with an increase of 2.0 percent. Nondurable goods increased 1.3 percent, in contrast to a decrease of 0.1 percent. Services expenditures increased 2.3 percent, compared with an increase of 2.7 percent." bea.gov Kb