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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (3352)	3/1/2001 11:02:49 PM
From: John Pitera	Respond to of 33421

Ron, that has sometimes been the case, you need to get Ralph to get bearish to help create the bottom. I think that Cramer may have given him that moniker... "I can make ya poorer" -----While NAPM remains at a recessionary level, the modest 0.7 point rise to 41.9 in February marks the first increase in a year. The manufacturing index has held below the 50 watermark since August. The small upward move is consistent with expectations and shouldn't rock the market. Further "good" news in the detail as the prices paid component fell 7.6 points to 58.1. The bad news is the continued poor state of new orders (40.8) which is dragging production (39.7 and down from Jan). Order backlogs rose but stands at a low 37.0 as employment fell to 37.2. Export and import orders hold in the upper 40s.