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

To: Chisy who wrote (6670)	9/11/2000 10:08:00 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 13094

I'll say. On top of that, the euro hit another new low against the US dollar, and oil is traded in guess what? Dollars, so it is a double whack for Europe, Japan, etc.. So, we have many seemingly small problems that could, under the right conditions, turn into a real meltdown, anywhere on the globe, or all around the globe at the same time. I doubt that could happen, but then again, look what the "experts" did to Los Alamos trying to burn some brush. Makes you wonder. At some point, the dollar has to fall against other currencies. In other words, <gasp> the dollar must weaken, and if/when that is allowed to happen, there goes the stock market. I won't even mention the negative saving rate of the average American. So, how do you play all this? That is the million dollar question? Or, will everything remain just ducky? I think the next president is going to have a very tough act to follow. Oh, I just got the Sept 9th Economist magazine. On the cover is a picture of an Arab and his falcon. The headline reads "Is oil poised to strike?" A little history, when oil was around $10/11 per, the very same magazine postulated that oil was "poised" to go to 5 bucks, or less, on the same front page. Smelling the need for hip-boots, I figured that was the time to go real long the oil futures. (I had been looking for entry anyway) And now we are at a similar inflection point, on the top-side, and I am getting that smell again. Many questions, and many opportunities. The N225 is dumping this very minute> Tokyo stocks slipped in early trade on Tuesday and the benchmark Nikkei average dipped below the 16,000 mark for the first time in three weeks, as technology stocks were hit by the U.S. Nasdaq's overnight drop. Expensive, large-cap stocks were particularly vulnerable to weakness as corporations were eager to lock in profits on their shareholdings ahead of half-year book closings at the end of the month, traders said. Yeah, no kidding, lock profits!!!! Telecommunications giant Nippon Telegraph and Telephone Corp fell 2.4 percent to 1.22 million yen and electronics manufacturer Sony Corp was down 1.2 percent at 11,560 yen. ``The recent downtrend in stock markets overseas due to higher oil prices and the fall in the euro is negative for the Tokyo market,'' said Hidenori Kawasaki, general manager in Kokusai Securities' equities trading division.