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could
this be a "throwover" (ie fakeout)
<FONT face=Tahoma
size=2>-----Original Message-----From: BobR
[mailto:bobrabcd@xxxxxxxxxxxxx]Sent: Tuesday, October 16, 2001
11:54 AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
Reading my indicatorNo, don't break the crystal
ball. Send it to me. I collect a lot of stuffthat doesn't
work, :-)Help Ben out and break this triangle. Sure looks
indecisive.bobr----- Original Message -----From: "Ralph
Volpe" <rjv@xxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Tuesday, October 16, 2001 8:43
AMSubject: [RT] Reading my indicator> I checked with the
most powerful indicator I know of (my crystal ball) to> ascertain the
direction of the next big move in this market. And, nomatter> how I
rub it and polish it, it just keeps coming up negative. Earl's
linkis> another indicator that damage control is in the works to
protect our> institutions from a panic collapse. I'm also thinking
about yesterdaysnews> that didn't get much attention, which
indicated that US Steel and Polaroid> are declaring Chapter 7 or 11
bankruptcies. These were major companies and> they're now crippled
giants. As I look at the monthly Dow Industrials, allI> see is
lower tops and lower bottoms, a clear sign of weakness.
Somecompanies> are now forecasting they can make their LOWERED
earnings, but that doesn't> say much for their exorbitant PEs. For
example, Cisco's good news was itcan> make the .02 cents it had
forecasted. If that's annualized to .08, thenfor a> $16 dollar per
share company it has an exorbitant PE of 200. Most> importantly, the
.02 profit it may declare this quarter doesn't considerall> the
fudging going on to bury the huge losses it took last quarter.
Iactually> think the SEC may encourage more creative book keeping
to lessen concernsof> further corporate failures. A further concern
is the loss of productivityas> a result of the anthrax scares that
the media love to hype. This isimposing> enormous stress on our
free markets, which can only negatively impactequity> prices.
However, don't worry folks, if I keep getting these negative vibes>
from my crystal ball, I'm going to break the damned thing.>>
Earl Adamy wrote:>> > <A
href="http://news.ino.com/intraday/?storyid=DJN620049801";>http://news.ino.com/intraday/?storyid=DJN620049801>
>> > is this a sign that the powers that be are getting worried
about major> > derivitives failures?> >> > To
unsubscribe from this group, send an email to:> >
realtraders-unsubscribe@xxxxxxxxxxxxxxx> >> >>
>> > Your use of Yahoo! Groups is subject to<A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>>
--> Ralph
=> E-mail =>
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