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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (36892)	1/6/2000 4:46:00 PM
From: Cathedra	Respond to of 99985

Alright, I'm raising cash to buy the dip tomorrow, :-).

To: Les H who wrote (36892)	1/6/2000 7:17:00 PM
From: Les H	Respond to of 99985

News in Brief: January 3, 1900 Y1.9K Fears Prove Groundless, Announces President McKinley President McKinley, in a news conference today that was broadcast to all 45 states via telegraph, told the country that Y1.9K had passed without any hint of serious problems. After conferring with Kaiser Wilhelm, Queen Victoria, and Czar Nicholas II about their countries? prospects, McKinley concluded that they had made it through the century changeover in good shape as well. McKinley spoke optimistically about entering the new century, citing his foreign affair successes as paving the way for a century during which "the United States might even be regarded as the equal of the major European powers." He contended that new agreements with the Ottoman Empire would anchor the country?s Near East policy, while our close friendship with Archduke Franz Ferdinand of Austro-Hungary would ensure stability in the Balkans for years to come. McKinley also predicted that the economy would continue to supply everyone with a "full dinner pail," that soon we would see unsinkable ships plying the Seven Seas, and the United States would be criss-crossed with "hundreds of miles" of paved roads to accommodate the thousands of horse-less carriages that would be built. Medical science would develop artificial leaches, giving patients speedier access to treatment, and physicists would harness the power of the ether for human ends. Dirigible Traffic Control System OK As we rolled into the new century, the dirigible traffic control system reported no problems. Nationwide, 75% of airfields reported that in test flights, the change in the date created no difficulties for the men running out onto the landing field with lanterns. At the other one, the lantern operators were sleeping off their New Year?s celebration, and couldn?t be disturbed. Markets Surge Contrary to the direst predictions of Y1.9K pessimists, Wall Street?s stock tickers continued to function fine as well. The good news drove the Dow Jones Industrial Average up over 80 for the first time ever, led by technology issues such as American Steel & Wire and American Cotton Oil. Analysts predict that the telegraph industry will continue to drive the economy of the 20th century, as the market pushes the stock of these so-called "dot-dash" companies to record P/E levels.