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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Lillie who wrote (17640)	11/29/2002 3:15:43 PM
From: farkarooski	Read Replies (1) \| Respond to of 30712

abcnews.go.com Oh my Lord, what happened to your lady friend ???

To: Jeffrey S. Lillie who wrote (17640)	11/29/2002 3:20:45 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Yes, NASI is more of a confirming indicator than a leading indicator. Key level for next week is 1450 COMP. If that breaks, the whole uptrend from October is done.

To: Jeffrey S. Lillie who wrote (17640)	11/29/2002 4:17:32 PM
From: augieboo	Read Replies (4) \| Respond to of 30712

very limited upside left if any at all. Isn't that what we've all been telling ourselves for more than a month now? And haven't we been WRONG all that time? Take a look at charts of NDX and COMP on 30, 60, 120 minute and daily time frames (with decently calibrated stochastics) and you'll see that everytime the daily edges into overbought Da Boyz back things down just enough to cycle the shorter time frames and bring the daily back down out of overbought. Take a side-by-side look at BPCOMP vs BPNDX during the other major bear rallies of the last three years, and you'll notice something very interesting. BPNDX tops anywhere from about one to six weeks before BPCOMP does. I mention previous bear rallies just to show what can happen under more-or-less "normal" circumstances. But, I think we can toss out all such comparisons for this one. That's right, I'm actually saying "It's different this time," and I really farking mean it. Why is it different? Because Greenspan is soiling his Depends in fear of DEFLATION, and he's going to do anything and everything in his power to keep the consumer SPENDING. How do you keep the consumer spending when he's already in debt up to his eyeballs and may not have a job next week? Simple. You convince him that he's getting rich on his 401K. How do you do that? Simple. You jack up the markets like it's 1999. How long can they keep this up? As long as Green-Eggs-&-Spam keeps pumping cash into the system to inflate the economy. I think we all need to stop looking for an imimnent downturn and just admit to ourselves that this thing is going up until it stops doing so and all the indicators turn CLEARLY down. Otherwise, to paraphrase Jeff, we all risk becoming CAMBODIAN TOAST! JMDO, augieboo