Q: Pre Flight Checklist for 2/07/02 Wednesday 2/6 Intermediate-term Outlook (weeks): Seasonal Cycles: Positive. Coppock Breadth Indicator: Negative. Weekly MACD: Negative. Conclusion: The only thing favoring longs is the Seasonal Cycle The trend is down, breadth is negative, and we remain in a Bear Market. Shorts are favored with the caveat that declines during this part of the cycle are likely to be choppy. Don't be shy about taking quick profits on shorts. We remain Intermediate-term BEARS. Short/Intermediate-Term ITBM: Negative. Tuma Ammia: Neutral. Pending Buy. VIX Daily: Neutral. Pending Buy. CCI Daily: Buy. 10-day ARMS: Positive. This could be more important. Keep an eye on this. MACD Daily: Negative. Senticator: Neutral. Conclusion: Shorts are favored by the trend, and the ITBM. The CCI suggest a bounce is coming, and so does the daily stochastic. We are nearing bounce time. The sooner it comes, the weaker it will be. Short-term Tuma Ammia Turn Spotter: Still Neutral. VIX 30': Neutral. Chopping. MACD 60': Neutral. Moving Averages: Negative. Watch the SPX 1100-1103 area. Conclusion: Shorts are favored. The VIX 30' hints at a turn but it's mighty flat. Hourly MACD is close to a buy, but it can turn right back down. Use care if you probe for a low. ******************************* Last time, I said that the market could collapse or rally, but if it did, it would likely not be too impressive. We said we were looking for the lower risk pattern of a hard down and then a high volume reversal. We just can't seem to get it. We still are looking for it, however. If we get a hard down tomorrow morning, and it scares enough folks, we'll probably see a tradable low. If the market starts a rally without a hard sell off, we'd view it VERY skeptically.
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A: Pre Flight Checklist for 2/06/02

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A: SOCIAL STUDIES - SOME USEFUL DEFINITIONS

Q: Stan felt it would be appropriate for the Policy Committee to review the attached changes to the Analyst / Associate PRC process, prior to execution. In summary, the following modifications have been developed by the heads of the AAPRC Committees (Horton, Kean, and Sherriff) and A/A Program Management (Lemmons): ? Most cross-calibration will be at the business unit level, since this is where the best interaction and information gathering occurs. Steps to ensure consistency across the business units are outlined in the memo. The final PRC meeting will focus on business unit ranking distributions, and the names/attributes of the top performers across the company. ? The PRC committees have been expanded to improve the quality of representation, and to reflect the diversity of our workforce. The additions were selected from a pool of high performing VPs and Directors. To ensure fairness, only VPs and Directors will provide representation on the AAPRC Committee. ? An attachment has been included to clarify program tenure and promotion criteria. Please let me know if you have any questions or would like to discuss by mid-day Wednesday, May 9. We are planning to release this information to the memo distribution list that evening. Regards,
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A: Policy Committee Review - Analyst/Associate Program PRC Process

Q: Shelley & Lynn, Fran has advised me there are no legal problems with schedulers working a weekend shift from 7 am to 10 pm for one weekend day, the other scheduler will take the other day. Each will be given a two days of comp time as they are today for their two 8 hour shifts. Fran does have a concern of fatigue in the later hours, just a we do. There are only two team members that are interested in this schedule, so we'll give it a try and let you know how it goes. Sheila
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Weekend duty