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Strategies & Market Trends : Technical analysis for shorts & longs

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Nov 28 4:00 PM EST

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To: Lachesis Atropos who wrote (37616)	7/14/2002 3:41:29 AM
From: Johnny Canuck	Read Replies (1) of 68399

The true sign of a turn around will be when we see more help wanted ads. Watching the lineage rates at print media companies has always been a gauge of the health of the overall economy. If we are on track for the traditional 7 year economic cycle, we have another 12 months to go. We are currently 30 months into the current down turn depending on who you listen to. A 7 years cycle translates in 84 months. So the turning point is 42 months. I know everyone wants a quick turn around, but the conditions are just now there yet. I am not sure why people thought this down turn would be short. In hindsight we went through a protracted expansion. It makes sense we would have a protracted contraction. We should at least expect a contraction of average duration.

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