|  | 
  
    | REALITY
      CHECK UPDATE ARCHIVES | 
  
    | 10/09/01:
      "the potential to set the stage for higher prices" | 
  
    | 09/28/01:
      "relief from the emotional selling" | 
  
    | 09/25/01:
      "extreme bullish potential ahead?" | 
  
    | 09/21/01:
      "this time it is different" | 
  
    | 09/17/01:
      "confidence is the greater issue for the markets" | 
  
    | 09/11/01:
      "more trouble down the road" | 
  
    | 09/07/01:
      "prospects for rebound remain strong" | 
  
    | 09/04/01:
      "a good sign for the bulls" | 
  
    | 08/31/01:
      "hope for a significant low" | 
  
    | 08/28/01:
      "the turn we had been looking for" | 
  
    | 08/24/01:
      "we think a bottom is very close" | 
  
    | 08/21/01:
      "There may yet be hope for the bulls!" | 
  
    | 08/17/01:
      "we still hold out for an upturn" | 
  
    | 07/31/01:
      Consumer Spending Fears | 
  
    | 07/27/01:
      Whoopie! Two Days In A Row! | 
  
    | 07/24/01:
      "Slammed Again!!" | 
  
    | 07/20/01:
      "trendless volatility" | 
  
    | 07/17/01:
      "markets still relying on these same fools" | 
  
    | 07/13/01:
      "What a difference a day makes!" | 
  
    | 07/10/01:
      "potential completion of 5 wave declines" | 
  
    | 07/06/01:
      "conflict between sentiment and breadth" | 
  
    | 07/02/01:
      "trading indicators turn bullish" | 
  
    | 06/26/01:
      "markets haven't been able to find any traction | 
  
    | 06/22/01:
      "breadth of the upturn has been relatively flat" | 
  
    | 06/19/01:
      "setting the stage for a summer rally" | 
  
    | 06/15/01:
      "shorter term indicators are becoming very oversold" | 
  
    | 06/12/01:
      "corporate earnings warnings and a flight to bonds" | 
  
    | 06/08/01:
      "earnings warnings are accelerating instead of decelerating" | 
  
    | 06/05/01:
      "counter trend rally in Treasuries to end" | 
  
    | 06/01/01:
      "markets have sobered up quickly" | 
  
    | 05/29/01:
      "further weakness ahead" | 
  
    | 05/25/01:
      "markets broke their sharp uptrend" | 
  
    | 05/22/01:
      "a little patience will produce a better opportunity" | 
  
    | 05/18/01:
      "we are turning bullish here" | 
  
    | 05/15/01:
      "Narrow markets: a sign the rally needs a rest" | 
  
    | 05/11/01:
      "We think it likely that the Fed will disappoint" | 
  
    | 05/08/01:
      "the majority can talk themselves into anything..." | 
  
    | 05/04/01:
      Signs of Topping | 
  
    | 05/01/01:
      "prolonged technical retracement rally" | 
  
    | 04/27/01:
      "odds of a downturn are growing" | 
  
    | 04/24/01:
      "market is betting way too heavily on the Fed" | 
  
    | 04/20/01:
      "Tora, Tora!!!" | 
  
    | 04/17/01:
      "New Lows Lie Directly Ahead" | 
  
    | 04/10/01:
      "A Buy Confirmation" | 
  
    | 04/06/01:
      The Return of the 'Blue Light Special' | 
  
    | 04/03/01:
      "modestly higher prices ahead" | 
  
    | 03/30/01:
      "...in position to move HIGHER" | 
  
    | 03/27/01:
      Panic Low | 
  
    | 03/23/01:
      Short Term Capitulation | 
  
    | 03/20/01:
      "the seeds planted by our Federal Reserve in recent months" | 
  
    | 03/16/01:
      Capitulation? | 
  
    | 03/13/01:
      "the Bulls are stampeding (to the exits)" | 
  
    | 03/09/01:
      "a protracted dichotomy" | 
  
    | 03/06/01:
      "attempting a technical bounce" | 
  
    | 03/02/01:
      "a bigger bounce is now becoming due" | 
  
    | 02/27/01:
      "touched by an Angell" | 
  
    | 02/23/01:
      "...a bad sign" | 
  
    | 02/20/01:
      "still deeply entrenched by the bear." | 
  
    | 02/16/01:
      Bearish on bonds, bullish on gold | 
  
    | 02/13/01:
      "talk of rate cuts already built in" | 
  
    | 02/09/01:
      "hope springs eternal" | 
  
    | 02/06/01:
      " big money in particular is becoming too confident" | 
  
    | 02/02/01:
      "the continued economic implosion" | 
  
    | 01/26/01:
      "Greenspan spoke" | 
  
    | 01/23/01:
      "markets already significantly overbought" | 
  
    | 01/16/01:
      "Whats missing? In a word: DESPAIR!!" | 
  
    | 01/12/01:
      "market commentary" | 
  
    | 01/09/01:
      "the reality of a bear market" | 
  
    | 01/05/01:
      "market commentary" | 
  
    | 01/02/01:
      "market commentary" | 
  
    | 12/15/00:
      "day of reckoning for corporate America" | 
  
    | 12/12/00:
      "market commentary" | 
  
    | 12/08/00:
      "earnings warnings and the state of the economy" | 
  
    | 12/05/00:
      "the very disappointing earnings deceleration" | 
  
    | 12/01/00:
      "remain on the side of caution" | 
  
    | 11/28/00:
      "deteriorating earnings" | 
  
    | 11/21/00:
      "trading indicators are becoming oversold" | 
  
    | 11/17/00:
      "there should still be a LONG WAY DOWN!!!" | 
  
    | 11/14/00:
      "the real issues affecting the
      markets" | 
  
    | 11/10/00:
      "markets have topped" | 
  
    | 11/07/00:
      "indicators have turned bullish" | 
  
    | 11/03/00:
      "markets have turned bullish again" | 
  
    | 10/31/00:
      "market update" | 
  
    | 10/27/00:
      "Hang Onto Your Shorts" | 
  
    | 10/24/00:
      "recovery from last weeks climactic lows continues" | 
  
    | 10/20/00:
      "panicking into the market" | 
  
    | 10/17/00:
      " a classic bear market reaction" | 
  
    | 10/13/00:
      "speculating is not for everyone" | 
  
    | 10/10/00:
      "reality of their own devastation" | 
  
    | 10/06/00:
      "REALITY cannot be hidden or denied" | 
  
    | 10/03/00:
      "Part 2 of the end-of-quarter window dressing" | 
  
    | 09/29/00:
      "short term trend clearly bearish" | 
  
    | 09/26/00:
      "expected recovery remained fragmented..." | 
  
    | 09/22/00:
      "bearish seasonality" | 
  
    | 09/19/00:
      "Tuesday commentary" | 
  
    | 09/15/00:
      "a change of season" | 
  
    | 09/12/00:
      "imbalances created by higher oil prices" | 
  
    | 09/08/00:
      "setting the stage the a big disappointment" | 
  
    | 08/29/00:
      "bear market rally" | 
  
    | 08/25/00:
      "commentary" | 
  
    | 08/21/00:
      "an extreme level of bullish complacency" | 
  
    | 08/18/00:
      "prices are near their upside extreme" | 
  
    | 08/15/00:
      "further rate increases are tentative at this point" | 
  
    | 08/11/00:
      "a harder than expected landing for the economy" | 
  
    | 08/08/00:
      "a short term bullish reversal" | 
  
    | 08/05/00:
      "speculators remain way too eager to turn bullish" | 
  
    | 08/01/00:
      "seasonality is now turning bearish" | 
  
    | 07/28/00:
      "the Fed's work is never done" | 
  
    | 07/25/00:
      "short term indicators turn bearish..." | 
  
    | 07/21/00:
      "the risks remain with the economies strong momentum" | 
  
    | 07/18/00:
      "markets have already priced in good earnings" | 
  
    | 07/14/00:
      "...getting very bullish very quickly..." | 
  
    | 07/11/00:
      "The markets seem content to believe..." | 
  
    | 07/07/00:
      "cant be great for corporate earnings" | 
  
    | 06/30/00:
      "no problem finding sellers..." | 
  
    | 06/27/00:
      "we do not see follow through buying..." | 
  
    | 06/20/00:
      "While the rally may well last longer..." | 
  
    | 06/16/00:
      "higher labor, healthcare, and raw material costs" | 
  
    | 06/13/00:
      "early warning signs of an earnings squeeze" | 
  
    | 06/10/00:
      "big surprises will remain on the downside" | 
  
    | 06/06/00:
      "we are not as confident as many perma-bulls..." | 
  
    | 06/02/00:
      Markets Are Getting Ahead of Themselves | 
  
    | 05/26/00:
      "You Don't Fight The Fed" | 
  
    | 05/23/00:
      "the end of the shell game" | 
  
    | 05/19/00:
      "losing money is NOT A GAME" | 
  
    | 05/16/00:
      "no evidence of selling capitulation" | 
  
    | 05/12/00:
      "Prices May Still Have One Last Drop Ahead" | 
  
    | 05/09/00:
      "...Split and Divergent..." | 
  
    | 05/05/00:
      "Renewed selling pressure..." | 
  
    | 05/02/00:
      "short term trading
      rally/upturn" | 
  
    | 04/28/00:
      "Selective Memory" | 
  
    | 04/25/00:
      We See Room For Further Price Declines | 
  
    | 04/18/00:
      We See Many Signs of Risk | 
  
    | 04/14/00:
      CRASH ALERT!!! | 
  
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