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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (11061)	11/1/2002 2:59:01 PM
From: bramble88	Respond to of 57110

Re "Consumer fundamentals": Problem for GM is that it is also engaged in a big way in fueling those fundamentals (ie consumer loans). What it gains in car sales it will lose in bad loans..

To: mishedlo who wrote (11061)	11/1/2002 3:00:44 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 57110

that makes no sense.

To: mishedlo who wrote (11061)	11/1/2002 11:20:10 PM
From: Jorj X Mckie	Respond to of 57110

edit will repost

To: mishedlo who wrote (11061)	11/1/2002 11:45:45 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 57110

Target for the blow off top I think it started today. I think it extends into Monday and maybe Tuesday. I don't think it is going to be as much as big as some probably do. I think we have between 20-25 SPX points. This is based on the assumption that the April 2001 rally is the blueprint for this rally. There are definite similarities to the actualy chart patterns, but there are also significant similarities in the VIX and VXN charts. I have linked charts to the current rally and the April 2001 rally. Notice the fib levels from the previous top to the recent lows and the corresponding 2001 chart have very similar consolidation levels at 61.8%. In May of 2001, that rally topped out at 50% of the difference between the lows of the consolidation level and the January 2001 highs. The corresponding level on the current chart would be around 920ish on the SPX chart. It is my feeling that this rally will be driven primarily by speculative tech trash. April 2001 rally stockcharts.com[r,a]dhclynay[d20001101,20010901][pb50!b200!d20,2][iub14!la12,26,9!lk14!lp14,3,3!le12,26,9][j7941272,y]&listNum=1 October 2002 rally stockcharts.com[r,a]dhcaynay[pb50!b200][iub14!la12,26,9!lk14!lp14,3,3!le12,26,9][j7941278,y]&listNum=1 Interestingly enough, the BRL on the 10pt chart is right at 920 and there is a spread double top at that level too. stockcharts.com