MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8610)	9/24/2001 3:22:26 PM
From: James F. Hopkins	Read Replies (1) of 19219

JT; We have one more thing that the Bulls refused to look at on the way down and the bears aren't looking at now. The price of crude..it's falling like a rock and not only is the energy cost permeated into almost everything. ( and can effect us more than interest rates ) Crude is the base product for many chemicals, and other things like plastics ( packaging ), & asphalt ( roads ) A sharp reduction in Crude prices if it will hold will do more for this country than the Government hand outs. -------------------- Had I had my way when Crude hit 30 I would have declared an emergency and cut the Highway speed limits like we did before. I would also have put a TAX on Jet Fuel to slow the air traffic before all this hit, in short I would have scared shit out of OPEC and showed them we didn't need near as much as they thought. ---------------------------- We are not going to make a recovery with Crude over 25 , but if it will stay low for a while "profits" in other areas will go up faster than the analcist are predicting. Jim

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