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

To: bobby beara who wrote (41821)	2/29/2000 11:53:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

BB, the recovery in SE Asia will bring about more consumption of meat. It takes over 4 pounds of grains to generate one pound of meat. Grains regardless of oil prices will go up due this fact alone. Population of SE Asia including India is over 3 billion people. Their middle and upper class are more that US or European community with same per capita purchasing power. So you have oil and grains going up independently of the so called "productivity gains" and "new economy" BWDIK Haim

To: bobby beara who wrote (41821)	3/1/2000 12:08:00 AM
From: Michael Watkins	Read Replies (3) \| Respond to of 99985

Bobby - you are correct I was using a short term view on the CRB. No arguement from me that the trend over all is up. I happen to believe inflationary pressure is just around the corner and disguised... But by way of explanation, I use the short term view because I am looking for a price shock event to trigger a nasdaq or broad market fall. Until one happens, I play long and short as required. But I am bound and determined to play each major Nas swing short. Futures give me a lot of leverage... amazing what 200 or 900 NQ points @ 20$ per point per contract adds up to... and once well in the money I can afford to let them run their course. Regarding MSFT - I never take a long term trendline break without some caution. Failures are my fav... failure to go down is just as useful as a failure to hold a bottom... And I'm sure tanks use a lot of oil. ;)