The Chart du Jour

Perspectives on Where We Are

September 10, 2001

By, Barclay T. Leib

Subscribers are invited to click here to access this month's feature article entitled "Perspectives on Where We Are Now, & Why ISDA Documentation Will Not Prevent Derivatives Accidents."

In this 13-page article we review many of our past individual stock technical perspectives, and come forth with a new group of stocks we currently see cheaply valued and starting to gain in strength. We also update specific downside targets for various equities yet to fall from grace.

What we do not do is tell readers how low the S&P or Dow Jones may go, trying instead to concentrate on a micro-basis on the clearest individual equity rhythms that we see. Some stocks have already reached significant support areas; others appear to be just beginning their descent. Perhaps partly because of this, we currently find numerous downside Fibonacci objectives -- both nearby and far away -- that could still be reached.

Rather than concentrating on specific index price objectives, we are instead focusing on a specific time window for the broader market to make a momentum low, and will likely remain modestly bearish until that point. As that date approcahes, we will then re-examine the technical action brought by the market for technical clues of a potential reversal in-the-making.

In addition, we feel that pressures on many leveraged strategies are currently building, and that the choice between a market crash and a market bottom might easily be decided in the near future by whether anything goes seriously astray in the banking derivatives world. We thus focus a bit on this topic, and describe how easily ISDA documentation can be weakened when special addendums are added. We also show through a historical example how, when a daisy chain of defaults occur, too much money can simply end up on the table, and the derivatives world ends up heading for the courts.


Non-subscribers are invited to sign up for a quarterly subscription below. Sand Spring's latest thoughts will all be accessible via an immediate e-mail. A user-id and password for web access to all past and future articles will then follow by a separate e-mail.


How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.

Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).

Disclosure Statement

Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.


If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"

Should you have any ordering problems, please contact us at
973-829-1962 or by email at the address below:

information@Sandspring.com


Take me back to the Sand Spring Home Page


Comments or Problems


Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at
information@Sandspring.com

Corporate Office:
10 Jenks Road,
Morristown, NJ 07960
Phone: 973 829 1962
Facsimile: 973 829 1962

Best Experienced with
Microsoft Internet Explorer
Click here to start.

The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC

This page and all contents are Copyright 2000 by Sand Spring Advisors, LLC, Morristown, NJ