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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (5541)	3/4/2001 1:18:30 AM
From: Randy Ellingson	Respond to of 57684

Do you really hold Greenspan responsible, as if he alone can steer us clear of economic slowdowns? In this case, since the real problem appears to be in part that our old friend production capacity's grown a bit large at the waistline, the fault would have to be that he raised rates too late in the first place, no? This greatly oversimplifies what's happening with our economy at the moment, and we never know as much as we do when looking back five years ... Much as people would like to think otherwise, there'll never be an all-knowing Fed. chairperson.

To: Mark Fowler who wrote (5541)	3/4/2001 12:56:54 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 57684

To any chart reader: stockcharts.com[w,a]whllnnmy[pf] As you can see, we have gone well below long term support. I have another chart that indicates that we have gone below ALL support on the nas since it began in 73-74: we have never been lower on a relative basis. What does everyone make of this, going forward? The only hope I see is if we started another vector, which I now believe, using the 97 and 98 bottoms, then we are at support and haven't broken that support line yet. But if we go much lower, we are in no man's land by any measure.