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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Suresh who wrote (33343)	7/12/2001 12:15:09 PM
From: j g cordes	Read Replies (1) of 69620

Suresh, liquidating to cash on this rally seems prudent as orders haven't pulled ahead of inventory yet. But its nice to see prices move up for awhile. I listened to Jack Welch's (GE ceo), interview on CNBC. He said long cycle business is good, short cycle business is the worst he's ever seen and no turn in sight. The US slowdown will work its way through the economic food chain, which means a world wide deceleration... Europe or Asia isn't going to bail us out. However, parts wear out, technology moves ahead making it more profitable to buy new equipment , hire and build, and the Fed is leaning towards fiscal generosity. My only worry is that the applications side of the technology boom doesn't have the killer app driving demand as it has during the pc, internet and cell phone buildout. Jim

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