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To: Earlie who wrote (81994)3/17/2001 5:39:41 PM
From: JRI  Respond to of 436258
 
Earlie...how 'bout them trannies....oops eom



To: Earlie who wrote (81994)3/17/2001 5:40:45 PM
From: John Madarasz  Read Replies (1) | Respond to of 436258
 
Earlie...

I just read an interesting commentary that was soliciting opinions...

New 10 day lows yesterday in grains, softs, energies, metals and currencies are telling the story of an economy in decline that is also crimping world economic growth. Slower global growth decreases demand for the commodities used to fuel growth and lower demand means deflation and lower prices. The bear market in equities is only working to reduce wealth and buying power, which in turn will decrease demand for most commodity groups. The new Ten Day Lows List may be providing an early indicator of a secular down cycle in commodities sensitive to economic down turns.

Metals are a case in pint...see May Copper which dove to an 11 month low. A slowing world economy curbs demand for copper used in construction and electronics.

Seems to make sense to me anyway. More warning signals.

Hope you're having a good one.

JM



To: Earlie who wrote (81994)3/17/2001 7:25:13 PM
From: Sam Sara  Read Replies (1) | Respond to of 436258
 
I have been thinking that we will bounce if averages approach these numbers together:

SPY 1110-1130, Dow 9650, and Naz 1750 or so.

That will set the charts up for a bear market rally, all we need is some trigger.

The things that make me reluctant to commit major funds to this scenario 1) tax-related selling. 2) behavior of Naz at previous supports, where bounce was anemic at best.

Risk-reward would be reasonable at those numbers, though, for a long trade.