Subj : 7:37 P.M.
To   : :7:37 P.M.
From : Manley Hubbell
Date : Thu Jan 23 2003 07:31 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   <6wk -327             -77 
 15               108       -60        4wk>      343         32 
 3              25           -4       <?wk -95                84 
 10             22            5            -62                99 
 15              94           8            -41                 105 
 16              93           7             -28                105 
 17             25            6             -27                108 
 21             24            6             -25                111 
 23             23            5             -11                111 
Short Term(9-18)US           CZ              DJ          AG
Moving Average {DELTAs}  daily
 10           -3              8                78             79 
 15         -95               1                 155           66 
 16         -94               1                 147          53 
 17          -23             -1                122           31 
 21           -19            -6                92            23 
 23           -17            -10              26           -1 
 Stochastic
 15                31         0          -23            -18 
 16                 34        0        -32               -12 
 17                  41       0      -47                  -6 
 21                  42       0         -31                 3 
 23              11           3              0              0 
 %K
 16                19        -1         -16             -13 
 17                 26       -1      -26                 -11 
 21                  31      -1      -28                  -6 
 23                 25        0          -13              -3 
 Relative Strength
 16            0            -4              -1             -1 
 17            2            -4             -4             -3 
 21             3            -2            -6              -2 
 23             5             0            -6             -4 
 ADX
 15             5               10             8            0 
 16             5               9              7           -1 
 17             4               9             6            -2 
 21             4               8              7          -3 
 23             4               6               10         -2 
09  10901 -201  2446  23  877618  213  4855  35 
10  10901 -119  2410 -13  878495  167  4873  36 
15  11009  79  2394 -22  872318 -13  4780 -65 
16  11013  83  2384 -30  869787 -49  4835 -3 
17  11102  100  2384 -27  858345 -142  4810 -16 
21  11112  106  2392 -13  844290 -250  4820 -7 
23  11200  191  2400  0  836947 -247  4785 -32 
I think long term 18-40day remains in an uptrend  St (18-9) Down
Daily {9-cash}(-250) on lower rail & probably Flat  
charts= 1 MMM 2 XAU 3 BONDS 4 IBM 5 QQQ 6 GD 7 DJIA 
130 ++--+AA--A--AA+----+----+----+----+----
128 AA AA  A +A   AA   +    +    +   AA  AA
126 ++A        A    AA             AA  AA  
124 ++                AAA A   AAA A        
122 ++                   A A     A         
120 ++                      AA             
     80 ++--+----+----+----+----+----+-A--+----
     78 ++  +    +    +    + AA A  A +  A +A A 
     76 ++                  A       AAA  A  A  
     74 ++                     A AA       A    
     72 ++               A                     
     70 A+                AA                   
     68 +AAA  A       AAA                      
     66 ++  AA A                               
     64 ++      AAAA A                         
     62 ++  +    +  A +    +    +    +    +    
        | A                       A            
  11200 AA   A           AA        A          A
        |  AA          AA  A  A        A    AA 
  11000 ++    A  A   AA     AA AAA  AAA   AA   
        |      AA  AA                   AA     
  10800 ++        A                            
        |                                      
     28 ++      AAA AA                         
     27 ++         A  AA                 AA    
     26 A+   AAA        AA AA AA   A   AA  A  A
     25 +A AA             A  A  AAA AA      AA 
     24 ++A                           A        
     23 ++                                     
 900000 ++--+----+A---+----+----+----+----+----
 880000 ++  + AAAA AA +    +    +    +A AAA    
 860000 A+ AA        AA AAA AA  A   AA A   AA  
 840000 +AA  A         A   A  AA AAA         AA
 820000 ++                                     
Strength in XAU 2me means weakness later in D's & Q's I expect LT
to move "UP" to finish leg 3.. and then a Major Bear to ReAppear

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

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