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

To: Jacob Snyder who wrote (45519)	4/10/2000 12:14:00 PM
From: HairBall	Respond to of 99985

Jacob Snyder: The trouble is, that once you're really sure that support or resistance lines have been broken, a large part of the move has already been made. You were using the wrong support lines. Regards, LG

To: Jacob Snyder who wrote (45519)	4/10/2000 12:54:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Jacob, as you probably know, my pet theory is that the economic boom will eventually give way to a big bust...too much leverage has built up in the system during the boom. that and the fact that foreign money is needed to keep the current account deficit financed, will exacerbate the economic downturn when it comes. of course i wouldn't entirely dismiss the soft landing scenario either...it's just that i think it is highly unlikely. regards, hb