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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: JEB who wrote (2606)	8/30/1998 10:49:00 AM
From: James Strauss	Read Replies (3) of 119973

>>>Here's a question. What percentage of our economy is service oriented? and what percentage is still manufacturing? The answer to this should tell if the Transports (DJTA) still have a large effect on our economy.<<< ********************************************************************** Great loaded question JEB... : > The U.S. has a growing service sector and dwindling manufacturing sector... My guess is probably 50/50 at this point with the Service area on its way to about 75%... The advanced economies move towards service while the emerging economies move into manufacturing... I liken this to moving from a blue collar job to a white collar job with a suit... : > So, the Transports still reflect a large chunk of the related business in our economy... Here's a look at a 4 year chart of the Spyders (SPY) S&P closed end fund... Friday it closed below the 200 day MA... Also, it closed below the mid band Bollinger Band for the first time in 4 years on big volume... Not a good sign... 207.95.154.130 Jim

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