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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (6529)	8/21/2000 7:31:09 PM
From: Sergio H	Read Replies (2) \| Respond to of 13094

<GE-A BELLWEATHER> Jim, GE's break out of its trading range is an excellent signal for the general market, as you've pointed out on numerous occassions. The fed's actions on the interest rates for the rest year appear now to be a non-event as the market is confident that there will be no further hikes this year. Two other stats to keep an eye on are the ongoing reduction of the federal defecit and the rising cost of energy. Amazing display of the strengh of our economy. Reduction of the debt is being accomplished while the trade imbalance continues to grow. The good news is that the debt is forecast to be eliminated by 2010. Rising energy costs are a delayed inflationary factor. The effect of the increased costs has not been funnelled through out economy yet, and energy prices are projected to continue to go higher. It's a mixed bag of economic signals, but I think that we're going to have a rewarding final quarter. Next year may be another story. Sergio