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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (29705)9/13/2000 3:52:56 PM
From: Haim R. Branisteanu  Read Replies (1) of 42787
 
My thinking is flat to down, we had an oversold dead cat bounce toward the triple expiration....... but again I can be dead wrong.

Longer term note this

The current account deficit, the broadest measure of international trade
because it includes financial transactions, grew to $106.1 billion in the
second quarter after widening to $101.5 billion in the first, the
Commerce Department said.

Federal Reserve policy-makers have been raising red flags that the
wider deficit as a percentage of gross domestic product eventually could
hurt confidence in the U.S. dollar if investors question the country's
ability to meet its obligations, and that could add to inflation risks.

``As foreigners want to hold ever-increasing quantities of American
investments, the deficit can be sustained,'' said Michael Moskow,
president of the Federal Reserve Bank of Chicago, in a speech
yesterday. ``But surely there must be a limit to the amount of the world's
savings our economy can claim.''


BWDIK
Haim
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