Subj : January 9, 2003
To   : 8:12 P.M.
From : Manley Hubbell
Date : Thu Jan 09 2003 08:06 pm

Long Term(18-40)US           CZ            DJ            AG
Moving Average {deltas} biweekly; bottom's daily {sometimes}
 26               106          82 <   -507                -46 
 6                    281     0      6wk>      172          0 
 18              97         -109    <6w -327             -77 
 15               108       -60         4wk>     343         32 
 3              25           -4       <    -95 \              84 
 7              22            0            -72   \ 3rd        93 
 8              23            2            -73     \Leg       99 
 9              21            4            -71                96 
Short Term(9-18)US           CZ              DJ          AG
Moving Average {DELTAs}  daily
 3         -100              -2                 160       -39 
 17              92          -10         -128                 78 
 18              93          -7          -126                 76 
 19              93          -2          -132                 71 
 20              93           3           -109                70 
 23              93           3     .     -108                64 
 30              91           9           -76               9 
 31              96           10     .    -76               15 
 2               96           11           -57               22 
 3               91           10      .    -28               28 
 7               86           9              23              49 
 8               83           9              18              59 
 9               78           9        4thW   43              71 
30  11304  197  2406 -4  833285 -98  4673 -3 
31  11222  103  2406 -6  834163 -67  4812  117 
02  11005 -116  2416  3  860752  181  4823  111 
03  11009 -109  2406 -7  860169  149  4903  171 
07  11011 -102  2436  20  874059 ?   4815  35 
08  11101 -10  2460  39  859531  70  4867  64 
09  10901 -201  2446  23  877618  213  4855  35 
looking ? toppy ?
charts= 1 MMM 2 XAU 3 BONDS 4 IBM 5 QQQ 6 GD 7 DJIA
MY LACK OF INTEREST? means there are missing data days
So the charts are not continious but lacking that
none the less it remains my guess that the way to play
this ?"rally"? in DJ's would be to short XAU ...
timing of course would be the issue.. My guess A one
day drop {rail to rail} probably in the closing 1/2 hour
and possibly {not probably} on Experation day 1/17   ???
no i really dont care 
    130 ++--+----+AA--A--AA+----+----+----+----
    128 +AAA+AA AA  A +A   AA   +    +    +   A
    126 A+     A        A    AA             AA 
    124 ++                     AAA A   AAA A   
    122 ++                        A A     A    
    120 ++                           AA        
     80 ++--+----+----+----+----+----+----+-A--
     78 ++  +    +    +    +    + AA A  A +  A 
     76 ++                       A       AAA  A
     74 ++                          A AA       
     72 ++                    A                
     70 ++  AA                 AA    this          
     68 ++ A  AAA  A       AAA        chart         
     66 +AA      AA A                          
     64 A+           AAAA A                    
     62 ++  +    +    +  A +    +    +    +    
        |       A                       A      
  11200 ++    AA   A           AA        A     
        |    A   AA          AA  A  A        A 
  11000 +AAA        A  A   AA     AA AAA  AAA  
        |   A        AA  AA                   A
  10800 A+              A                      
     90 ++--+----+----+--A-+----+----+----+----
     85 ++  +    +   AAAA AAAA  +    +    +  AA
     80 +AAAAAA AAAAA         AAAAAAAAAAAA AA  
     75 A+     A                          A    
     29 ++  +    +    +    +    +    +    +    
     28 ++           AAA AA                    
     27 ++              A  AA                 A
     26 ++ AAA    AAA        AA AA AA   A   AA 
     25 +AA   A AA             A  A  AAA AA    
     24 A+     A                           A   
     84 ++           A                         
     82 ++  AAA       AA AAAAAA             A  
     80 +AA    AA   A   A      AAA    A    A AA
     78 A+ A     AAA              AAAA AAAA    
 900000 ++--+----+----+-A--+----+----+----+----
 880000 ++  A    +  AAAA AA+    +    +    + A A
 860000 ++   AA  AA        AA AAA AA  A   AA A 
 840000 AAAA   AA  A         A   A  AA AAA     
_Li 83? really the big BEAR may be just over the next hill

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 * Origin: The Bare Bones BBS (1:105/360)

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