STOCK MARKET TIMING U.S. STOCKS

Stock Profits through Market Timing . . . and here, the Bishop of Rimini's coat of arms, with whom we stayed in 1512

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Stocks and the Economy

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                  The rectangular areas are equal in size. Their vertical dimensions measure
                  equal depths of decline in the help-wanted index over the first unbroken stream of
                  consecutive monthly declines in the index. Each episode is directly comaparable to
                  the other. When the declines reach the magnitude shown, a major stock-market
                  bottom is at hand.

                  __________________

                        * Data with permission of The Conference Board         Chart: 1 Jan 1960 through 30 Apr 2001
                    TREASURIES/HELPWANT                    


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