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


To: pater tenebrarum who wrote (55524)6/28/2000 8:43:00 AM
From: Box-By-The-Riviera™  Read Replies (2) | Respond to of 99985
 
Heinz... interesting article on rising nat gas prices/electricity in the wall street journal today... I don't have an online account with them... to paraphrase...it sums up your thoughts of a few weeks ago and points out an inverted cycle....i.e. rising prices in the summer months vs. rising prices in the winter months... over the last two-three years....also it makes notes the near term futures are higher priced than forward futures much in the same way that 30 year rates are lower than shorter term rates which may indeed only be coincidental (I don't have enough historical knowledge to tie the two together...but you might)....

A question to you and to Haim.... Haim are you a bit pre-mature in buying some of the cyclicals on your list..i.e. DD.... I had the impression you would look for a definitive bottom as your indicator for market direction first...and secondly, given those companies' nearly absolute lack of pricing power compared to the rest of the market aren't they the most likely to be hurt further in this climate... many are making new yearly lows even now. Any thoughts here would be welcomed.

regards

J