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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: donald sew who wrote (6678)	2/19/1999 11:31:00 AM
From: Ramsey Su	Read Replies (2) of 99985

Donald, what a boring day, anyone awake out there? there is a big piece of news this morning that has so far been totally misinterpreted by CNBC with a positive tone. biz.yahoo.com In December, both imports and exports fell. U.S. exports fell to $78.5 billion from $79 billion in November, while imports fell to $92.28 billion in December from $94.2 billion in November. This is very significant because much of the world is now dependant upon US consumers to carry them out of recession/depression. If December sets a trend, Jan is going to look even worse due to the strength of the dollar. We will again be importing less in US$ terms while our exports should drop further. Needless to say, this news will be reported as further reduction of our trade deficit and may be viewed as positive news when the reverse is true. I think, from a non-TA standpoint, Asia could give us a Asia Contagion II which could sink the markets here. It will not be Thailand this time, most likely Japan or China. Ramsey

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