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Re: [RT] High is in



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Unemployment/employment is a characteristically lagging indicator according 
to many economists.  Stock prices are a characteristically leading 
indicator.

This is my understanding.

Dan

>From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: Re: [RT] High is in
>Date: Mon, 4 Nov 2002 23:52:46 -0500
>
>The news was similarly bad DURING the 91-92 recovery.  After the recession 
>had bottomed, companies would announce more layoffs and their stocks would 
>go up.  People got really mad about this, but most of the layoffs never 
>materialized.  The bottom is in atleast until we get more sustained bad 
>economic news.
>
>Kent
>
>
>----- Original Message -----
>From: M. Simms
>To: realtraders@xxxxxxxxxxxxxxx
>Sent: Monday, November 04, 2002 11:46 PM
>Subject: RE: [RT] High is in
>
>
>BE CAREFUL ABOUT SHORTING MONOPOLIES....
>Verizon is one of them.
>But heck, the economy is improving, right ?
>WRONG:
>1) Cigna slashes profit targets thru 2003 and COLLAPSES 38% in one day!
>2) AOL overstated revenue by $190 million over the past couple of years. 
>Probably not very bullish.
>3) BMY will restate earnings downward for parts of 2000 and 2001. 
>Bristol-Myers said it will reallocate more than $2 billion in sales.
>4) Delta to cut 7,000-8,000 jobs
>5) SUNW to cut another 4,400 jobs
>6) Duke Energy to cut 2,000 jobs
>7) UAL to cut 1,250 jobs
>8) Kodak to cut up to another 1,700 jobs
>9) Lucent will lop off another 10,000 jobs soon
>10) Michigan consumer sentiment...WORST in 9 yrs
>11) Possible War?
>12) Durable goods? 3 1/2 times WORSE than expected
>13) Leading Economic Indicators...4th weekly DECLINE
>14) Philly Fed. report-EIGHT times WORSE than expected
>15) Consumer confidence...WORST in 9 years
>16) Tommy Hilfiger to close most U.S. stores (jobs vanish)
>17) Corning to cut another 2,200 jobs
>18) Boeing to cut another 1,500 jobs
>19) EDS to cut another 1,000 jobs...
>20) GDP lower than expected
>21) Chicago PMI much WORSE than expected at 45.9
>22) Monthly jobs 200% worse than expected
>23) ISM WORSE than expected & confirms economic contraction
>24) Factory orders WORSE than expected at -2.3% vs. -1.6%
>25) Applied Materials to cut another 1,750 jobs
>
>What did I miss ? Wait ! I forgot, Bush is overhauling his lackluster 
>administration....AFTER the elections.
>
>
>
>
>
>
>
>   -----Original Message-----
>   From: BobsKC [mailto:bobskc@xxxxxxxxxxxx]
>   Sent: Monday, November 04, 2002 11:12 PM
>   To: realtraders@xxxxxxxxxxxxxxx
>   Subject: RE: [RT] High is in
>
>
>   At 07:54 PM 11/4/2002 -0500, you wrote:
>
>     Yeah, what is "up" with Verizon.......over 40% since October 1st ????
>
>   Look at the PE ....  wireless is flattening off ..   I can't see it.   
>If one "needed" to own a RBOC, I would take SBC, but ..........
>
>   Big day tomorrow .. should be a few good swings .. good luck to all
>
>   Bob
>
>
>
>
>       -----Original Message-----
>       From: BobsKC [mailto:bobskc@xxxxxxxxxxxx]
>       Sent: Monday, November 04, 2002 5:19 PM
>       To: realtraders@xxxxxxxxxxxxxxx
>       Subject: Re: [RT] High is in
>
>
>       Good call and most important, a public prediction to perk up our 
>list and make it ever more interesting.  Thank you Jim, Ben and all of you 
>who have offered your trades for consideration.  I hope more will join in.  
>I shorted1K of VZ today at 39.80 and carried it.  (Doesn't really count 
>since I'm already in the trade but wanted to get participating with this 
>post).  :))
>
>
>       Bob
>
>
>
>
>       At 04:03 PM 11/4/2002 -0500, you wrote:
>         Great call Jim
>         keep up  the good work
>         Ben
>         ----- Original Message -----
>         From: Jim White
>         To: realtraders@xxxxxxxxxxxxxxx
>         Sent: Monday, November 04, 2002 1:57 PM
>         Subject: [RT] High is in
>
>
>         On  a 30 minute chart, The Near Impulse forecaster had a turning 
>point for 1:00 EST. Chances are the high is in for the day. A short below 
>the first 30 minute range is still possible.
>         Jim White
>         PivotTrader.com
>         Home of the Near Impulse Forecaster
>
>
>
>
>
>
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