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To: t2 who wrote (18211)2/10/2001 10:33:26 PM
From: onurbius  Respond to of 24042
 
Lower end of the bollinger band indicates that the stock prices usually return towards the middle range, then the higher range. Bollinger bands are a fluid trading range channel. Unless the world goes totally to hell in a handbasket, these patterns tend to be true historically and bode well for future upward price indications. The momentum charts are all looking like they are at the bottom of the trough - who knows, could go lower still, but the time to buy is when momentum is in a pre-breakout rather than post-breakout pattern for really hugh gains. All IMHO, of course.

Regards.



To: t2 who wrote (18211)2/10/2001 10:48:05 PM
From: one putt  Respond to of 24042
 
t2 - *OT*

Follow this link to an excellent, brief lesson on Bollinger Bands.

Good Luck!

bollingerbands.com



To: t2 who wrote (18211)2/11/2001 8:59:34 AM
From: zbyslaw owczarczyk  Respond to of 24042
 
ECB Panel Seen Holding Key Interest Rate at 4.75% on Thursday
By Sonja Dieckhoefer

Frankfurt, Feb. 11 (Bloomberg) -- The European Central Bank will probably keep interest rates
on hold this week as industrial production and consumer spending suggest the region can
withstand a slackening in the U.S. economy.

All 17 economists surveyed by Bloomberg News forecast the ECB's governing council will keep
its main refinancing rate at 4.75 percent when policy-makers meet Thursday. The bank almost
doubled borrowing costs between November 1999 and October last year to tame inflation.

There's been little from ECB officials to show they are ready to reverse course. While the bank
said three days ago that growth may slow, reports last week showed the French and German
economies -- the two biggest in the euro zone -- on track to expand quicker than the U.S.


``The ECB's tone is a touch softer, but the fundamentals still suggest the bank will hold rates,''
said Manuela Preuschl, an economist at Deutsche Bank Global Markets Research. ``For now, the
ECB is at best preparing for the preparation of a rate cut.''

The 18-member ECB panel will announce its rate decision at 1.45 p.m., Frankfurt time.

Problems Abroad

The push for lower rates is coming mainly from abroad, analysts said. Central bankers around the
world are keen to ward off the threat from a slowdown in the U.S., where the Federal Reserve
sliced borrowing costs one percentage point last month. Last week, the Bank of England cut its
key rate a quarter-point to 5.75 percent, the first reduction in 20 months.

A ``more significant than previously expected'' slowdown in U.S. growth may damp exports for
manufacturers in the euro area, the ECB said in its monthly report on Feb. 8. The U.S. economy
grew at an annual rate of 1.4 percent in the fourth quarter, the slowest pace since 1995.

There's scant evidence of similar weakening in the euro-area, analysts said. German industrial
production rose for a second straight month in December, while manufacturing orders rose for a
third straight month, reports showed. French consumer confidence surged to an all-time high in
January
. German business confidence, though, fell for a seventh month in December.

``The euro-area growth slowdown is so far mainly evidenced by confidence surveys, while other
data are still robust,'' said Holger Fahrinkrug, an economist at UBS Warburg in Frankfurt. The ECB
``has only just returned to a neutral bias.''

Commerzbank AG economists expect the euro region's economy will probably expand 2.8
percent this year, compared with growth of 1.8 percent in the U.S.

Italy, Germany

Italy's economy may grow 0.4 percent in the fourth quarter, slowing from 0.6 percent in the
previous three months, according to the median forecast of eight economists surveyed by
Bloomberg. Economic growth probably slowed to 2.3 percent in the year, from a 2.5 percent
annual rate in the third quarter, the economists said. The Italian GDP figures will be released
Friday.

In Germany, figures on Tuesday will probably show the country's trade surplus fell to 7 billion
deutsche marks ($3.3 billion) in December from 8.6 billion marks a month earlier, according to the
median forecast of 18 economists surveyed by Bloomberg News.

German retail sales, also published Tuesday, probably rose 0.5 percent in December from
November and fell 0.2 percent from a year ago, according to a median of 13 economists' forecasts.

Elsewhere in Europe, France is likely to notch a trade deficit of 1.7 billion francs ($240 million) in
December, turning from a surplus of 100 million francs in November, six economists said. France's
trade figures are published on Thursday.

The following is a table with key indicator releases from European Union economies. All times are
Frankfurt times:

Monday, Feb. 12: 9:30 Spanish unemployment 9:30 Dutch consumer prices 10:30 U.K. producer
prices 10:30 Dutch retail sales

Tuesday, Feb. 13: 8:00 German trade 8:00 German retail sales 9:15 Spanish consumer prices
10:30 U.K. retail prices

Wednesday, Feb. 14: 8:00 German wholesale prices 8:45 French current account 10:30 U.K. jobs
and wages 11:30 U.K. quarterly inflation

Thursday, Feb. 15: 8:45 French trade balance 9:00 Italian industrial production 9:15 Spanish retail
sales 9:30 Dutch GDP 10:00 Italian GDP 10:30 U.K. retail sales 13:45 ECB rates announcements

Friday, Feb. 16: 8:45 French payrolls 8:50 French industrial production 9:30 Dutch unemployment

Saturday, Feb. 17: All Day G-7 Finance ministers and central bankers meet