MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: lifeisgood who wrote (15384)	12/6/2002 6:17:23 PM
From: David Howe	Read Replies (3) of 19219

I should simply say that I disagree across the board, but why not go point by point. << Not if Saddam's whoppy tale report on Saturday doesn't sit well with George W. and I suspect it won't. >> The market knows exactly what's in that report. It's going to be 10,000 pages documenting a standard weapons program and will deny that they are making or have weapons of mass destruction. Why would the market go down when the market has already known the contents of the report for weeks now? << War looms >> It's been looming for the past two months while the market skyrocketed off of the lows. << the dollar is tanking >> Not really, what are you seeing that I'm not? I thought the dollar had been going up the past few weeks, at least relative to the Yen it has, right? << unemployment is exploding >> It's stable, unless you ignore most of the data and only look at the one little piece of info that came out this morning. Besides, employment is the last thing to improve. We're seeing earnings improve and the entire economy is improving. We're seeing tech companies announce better than expected results and predictions of increased spending. Why would anyone expect employment to do anything but follow this good news? Employment will improve at the same time it always does, about 6 months after the economy starts to improve. << and the economy isn't responding to record low interest rates and the feds monetary viagra. >> Open your eyes, the evidence of an improved economy is everywhere. << October lows dead ahead. >> Hope you are not too short, you could get your arse handed to you. IMO, Dave

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