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To: pater tenebrarum who wrote (17518)9/12/2000 9:48:40 AM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
Anarchy in the U.K.

dailynews.yahoo.com



To: pater tenebrarum who wrote (17518)9/12/2000 9:49:01 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
Short at mini 3825. That was great. p/c and TRINs were both still falling after price was rolling over and giving up s-t support.



To: pater tenebrarum who wrote (17518)9/12/2000 9:53:53 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<i see there's a valiant attempt to 'defend' the 200-dma on the tech indices...>

Are they THAT close???

DAK



To: pater tenebrarum who wrote (17518)9/12/2000 11:22:49 AM
From: Perspective  Read Replies (4) | Respond to of 436258
 
Don't they realize that this 200DSMA defense is a losing proposition? Each time they defend their favorites at the Holy 200DSMA, it comes at a higher and higher price level. And as long as they keep it *above* the 200DSMA, each test will *always* come at a higher price level. Meanwhile, fund inflows have dried up, meaning they have less and less ammunition.

J6P is finding he actually has to *service* all that debt he's amassed. And the supports under the economy are creaking; even with double-digit money supply growth rates, things are slowing. What happens when the credit demand saturates?

Meanwhile, inflation is working its way into things with roughly the same six-month lag assumed to delay the other effects of monetary policy. Why don't people understand THAT?

KNOCK KNOCK - who's there?

STAGFLATION.

BC