Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (9324)	8/9/2001 12:55:02 PM
From: James Strauss	Read Replies (2) of 13094

William: With the low inflation environment I wouldn't expect anything more than a daytrade from the metals... The key to the market right now seems to be the inverse correlation of oil production and the performance of the market... Note how the market bottomed in April while the oil sector was rising with restraints on production... They then increased production... The markets stabilized while oil declined... stockcharts.com The withdrawal of one million barrels of oil from production by the OPEC Gang is bringing the oil sector up at the expense of the broad market... As far as dollar value is concerned, the U.S. is at its best when the dollar is strong... It means relatively cheaper imports for our consumers and forces domestic companies to put a lid on their prices... That's what powered the economic boom of the 90's... Weakening the dollar would have the opposite effects... Imports would become more expensive over here, making domestic products seem cheaper... But, if the past is any guide, domestic producers will raise their prices to be on par with the imports... They'll also benefit by cheaper American products overseas in relative dollar value... It didn't work in the early 80's and it won't work now... Jim

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