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

To: Les H who wrote (67490)	1/23/2001 10:01:17 AM
From: Les H	Read Replies (1) \| Respond to of 99985

Find Some Winners on Coffee Cup Chart Web Site sfgate.com Even newspapers can talk the bearish wedge thisislondon.co.uk

To: Les H who wrote (67490)	1/23/2001 10:38:44 AM
From: Doug	Respond to of 99985

L.H: The current squeeze on the High techs has risen due to a combination of 4 factors. a: Excess capacity within the Industry compared to average global demand. b: Slow down in I.T capital spending on a national and International scale. c: Syndicated loans to promote vendor fiancing has dried up due to high percentage of previous defaults. d: The I.T/high tech knowledge gap between nations is decreasing not increasing. Using monetary policy to stimulate the high Tech is not going to solve the problem. The Industry needs to consolidate ; reduce debt/vendor financing and reduce growth expecatations. A long tem growth of 30% is not sustainable.