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: James Strauss who wrote (9524)	8/27/2001 1:22:42 PM
From: Sergio H	Read Replies (1) of 13094

Jim, Germany already reported their second quarter GDP. They are looking for an ECB rate drop to stimulate growth. Failure to lower rates will be interpreted as due to money oversupply and inflation fears, not a sign of strength. Stocks of companies like IBM and McDonalds, who are complaining that the strength of the US dollar has hurt overeas sales will be complaining that the weakness of the dollar is hurting US sales, particularly if the revised US GDP comes in lower than Germany's. The SOX is coming up against heavy resistance. Some good news, such as a positive surprise on GDP will give the index a pop over the 200 day MA. Sergio

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