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


To: Les H who wrote (57693)8/3/2000 12:31:10 PM
From: UnBelievable  Respond to of 99985
 
June Factory Orders Surged 5.5%
Gain was biggest in nine years

The Market Rallies on News of Strong Economy.

But I thought a strong economy was bad because that means higher interest rates.


ASSOCIATED PRESS

WASHINGTON, Aug. 3 — Orders to American factories shot up by 5.5 percent in June, the biggest increase in nine years, as the U.S. economy continued to confound expectations of a slowdown.

msnbc.com



To: Les H who wrote (57693)8/3/2000 3:16:18 PM
From: bobby beara  Read Replies (4) | Respond to of 99985
 
>>>>So, did we flush out the Brinkerites yet? 83 1/2<<<

they were suppose to do that monday -g-

i can buy that count, we have completed five waves down from 7/17 this morning on panic limit down exhaustion gap.

if we follow the 98 market which also bottomed i believe on 8/3 or 8/4 (and everybody called it THE bottom back then) then we had a big trading range for about 2.5 weeks then the drop into late august.

sucky gold stocks doing their thing breaking down out of the bear flag.

b