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Contents: Website
October 29 2002 To us it appears this bear rally has run its course. Oct 4 Bear rally broke, as expected. Lows tested. We expect further deterioration. September 2002 Bear rally nose to nose with downtrend line. Steep uptrend line broken. Party's over. August 2002 Impatient buyers eager not to miss the train drove up the averages, bears obliged them by giving them some more cheap stock. Traders ecstatic. Bungee markets. Major trend still down. Stops for trend followers yawning distance away. July 2002 The trend in the Euro accelerated. So did the downtrend in the market. Our observations since 1999 are being fulfilled with a vengeance. June 2002 All Wall Street's skeletons come home to roost. Blood bath? More likely the Chinese death of a thousand cuts. Slow, painful and drawn out. May 2002 The trend accelerates. The die is cast. The handwriting is on the wall. Read 'em and weep. April 28 2002 For all intents and purposes the terrorist rally has gone uncorrected except for a pause. Now a definite short term downtrend is in progress. April 6 2002 The contra terrorist rally in perspective. March 12 2002 Dow smack up against long term historical resistance. March 1 2002 Squirrel markets. Very squirrely. Focus very short term. Life and death struggle going on between bulls and bears. Squirrels winning. February 18 2002 Much weirdness and bearish broadening formations. February 9 2002 Get your parachutes. Bear tracks. February 2 2002 The secondary is yawing sideways with hints of a broadening top formation. January 18 2002 The powerful secondary which began September 17 appears to have stalled and the past week has been an important tug of war in which the nearby low was taken out. Our Major Turning Points Letter 2001 continues to hold up very well. December 23 2001 The powerful secondary is bumping against the resistance illustrated by the horizontal lines on our charts. If these lines are not decisively penetrated we would be very chary of January. December 5 2001 Terrorist rally terrorizes bears. Analysts watch from lawn chairs with interest while freshening their gin and tonics. November 2 2001 The Major Turning Points Letter has been called "brilliant" "cynical" "disquieting" "disrespectful of Ronald Reagan and politicians in general" (true). We call it words to live by. To see what the fuss is about click on Major Turning Points Letter 2001. The rally off the Terrorist low looks stalled, as we thought it would, and (or but) bad news is pouring out of the media. As always they should be discounted, but statistics don't lie (much) and the numbers are bearish. 5.4% unemployment. Bad. October 22 2001 Market mood depressed as indicated by volume and looking more bearish or sideways than up. Some savvy commentators say the market is still overpriced and p/es are too high. This would not be incongruent with the technical picture. October 14 2001 Waiting is the name of the game. October 7 2001 Cat, whether dead or alive gives some hint as to market direction. Not a positive one. September 30 2001 Markets bounce. Dead cat? Caution in order. Beware of talking heads who claim to know what they are talking about. September 21 2001 Being right means never having to say you're sorry. For a look at Pearl Harbor and 1929 markets go to: DayofInfamy1. September 10 2001 Markets in full downtrends hovering on edge of breaking down and getting into a real bear market. August 31 2001 Bear Market. No surprise. August 21 2001 Bears spooked by Friday spike. Don't worry bears. Real traders will use their cell phones in the Hamptons. August 11 2001 Averages continue weak drifting lower. Investors should be hedged or short or investing in beer hops or Bordeaux presents. No action on the long side here. July 28 2001 Averages bounce off support line after a head fake. July 6 2001 The predicted retracement continues. June 16 2001 The indices are coming back to get those who didn't get on the bus the last time it left. Retracements should represent buying opportunities for long term investors, short opportunities for traders. We hope it is clear to all readers that all these markets are mixed and sideways and hoping for anything other than that will pay off the way hopes always pay off in the markets. Look elsewhere for handsome returns--some individual stocks, shorting, futures. June 10 2001 Dow hovers at top of trading range rousing false hopes. Other majors buyable for very long term investors. Have you looked at the Euro? Coming back to get those who missed the first take off. May 29 2001 As expected Dow retreats, as do NASDAQ and S&P. Probably beginning of retracement of recent advance. (Don't quote us.) Remember Nils Bohr and the difficulties of prediction. For now we expect more more same same. May 18 2001 May 13 2001 Dow continues in Line. S&P and NASDAQ bounce. Suspicious bottoms, but who knows till after the fact. April 26 2001 Some improvement, but it would be improvident to expect such a quick end, nevertheless there are things to be done--see this week's letter. 8th Edition has gone to press!!!! April 14 2001 Is it possible the markets are searching for a bottom since we last visited? Yes, and, sad to tell there hasn't been any real blood on the Street. No falling bodies, no panic, no conclusion. A New Paradigm in Bear markets? A new type Secondary? What does it mean, after all? March 17 2001 Bear rules. W gets his wish. Talks down markets. Somebody tell him to shut up. March 12 2001 Anyone who has read the book knows what to expect. More down Until all those people who don't know how to set stops throw up. February 22 2001 Letter returns from visiting St. Lucie Press arranging for publication of 8th Edition of Technical Analysis of Stock Trends. You were short, right? Like we told you to? You were listening, right? January 15 2001 As usual pundits pontificate that now it's a bear market. In reality, as always, some bears, some bulls, some chickens. December 2 2000 There was Chicken Little, and now there is Market Watch in Barron's in which wise investment advisors advise that the bear is coming, the bear is coming. Actually it's more of the same. November 26 00 Same Same. For amusement see this week's and Juniper. |
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