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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (52209)6/16/2001 11:58:02 AM
From: Skeet Shipman  Read Replies (1) of 94695
 
Bill,
The market makers did excellent job of salvaging 2000 on the NAS. Much depends on microsoft for next week. My indicators slipped back and forth over neutral. At the moment they are negative. Longer range the economic indicators were weaker last week. Not good for a second half recovery. The ECRI leading indicators have improved from a recession reading of negative -3 to -2.6 percentage growth. Consumer confidence is even more important now than earlier. It will probably start to more accurately anticipate spending. With all that good news it will be next to impossible for the market to sustain a rally. IMHO
It will be helpful to know your predictions for next week. The doldrums and low inflows will probably keep prices under pressure most of this summer.
Skeet
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