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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Arik T.G. who wrote (15548)2/16/1999 9:17:00 AM
From: Chip McVickar  Read Replies (2) of 44573
 
Hello Arik,
How's it going ?

I keep asking myself......is this a sign that International Deflationary
pressures are realy serious or merely a reflection of cyclical problems
that will reverse naturally and *Not* cause any dangerous problems.

The disconnect of the RUT and TSE300 from the other North American
markets appears to be the major strain in any long term bullish
"case-making"....along with other world wide recessions. In this area
I believe Europe and the ECU are a critical elements in bringing Asia
out of recession.

However Canada is struggling with low natural resource prices and a
continued hangover from the BREX problems. There is little serious
money traveling into those wild Canadian stock Myths. Also, the Canadian
government is struggling with deficits, declining currency, social
programs and Quebec. Wheither Canada reflects the first signs of a
world wide deflationary "dead cat bounce" would be hard to clarify.

On the other side, RUT Index is struggling for different reasons.
Correct me if I'm wrong.....many of the companies are doing quiet well
in the RUT, but the stocks themselves are out of favor with the big money
and stock prices do not reflect in some cases fair market value.

I don't disagree with you that the over all trend is down, but I'm not
sure yet wheither that means 8500 or 7400 DJIA....
Do you have any targets for the 5 down move on the RUT in price and time?

These "deflationary pressures" are worth watching carefully.
Why should anything be different in 1999?
Chip
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