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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (20889)8/29/1998 3:11:00 AM
From: Doug R  Read Replies (1) of 79230
 
Oops,

I left out the reason for lower interest rates here as a result of a successful launch of the Euro.
Due to the size and relative stability of the aggregate economies behind the new currency, the quality of any Euro long term debt will rival that of US long term debt vehicles. There will be a level of competition in the debt marketplace that has not been seen for quite some time. The US has had a virtual monopoly on "safe haven" status insofar as debt is concerned. The Euro will change that.

Doug R
wow...the whole situation in 4 paragraphs. Not bad.

Several months ago I mentioned SMOD as a stock to watch as a market barometer. It had a history of going up before the market did and down in advance also. It started down many months ago and got so far down it seemed to have lost its status as an indicator. Well the market in general followed suit and i think SMOD did, afterall retain its status. Well, SMOD has started to go up again and I feel it should be carefully watched now.
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