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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (16225)	4/14/2001 10:04:48 AM
From: Sharck	Read Replies (1) \| Respond to of 37746

And another : Inventories Drop, First Time Since Dec.'98 Apr 13 8:42am ET WASHINGTON (Reuters) - Stockpiles on U.S. company shelves fell for the first time in over two years in February, the government said on Friday, in a report which offered some hope inventory imbalances could be improving. The Commerce Department said business inventories fell 0.2 percent in February to $1.219 trillion after gaining 0.1 percent in January. Economists polled by Reuters had forecast inventories would be unchanged in February. The inventory decline was the first since a 0.1 percent drop seen in December of 1998 and was the largest fall since a 0.3 percent contraction in March of 1996. The report was good news for the U.S. economy because one of the imbalances which has led to the dramatic slowing of the economy was in business inventories, which were becoming bloated compared to sales. Sales of goods fell 0.3 percent to $892.13 billion in February after a 0.2 percent decline in the previous month. With sales and inventories falling by similar amounts, the stock-to-sales ratio, a measure of how long it would take to totally deplete stocks at the current sales pace, held steady at 1.37 months.

To: Sharck who wrote (16225)	4/14/2001 10:09:43 AM
From: JRI	Read Replies (1) \| Respond to of 37746

Sharck....I am reckoning on some brief further upside (between 1980-2050), and then a retrace, before conquering the mountain between 2000-2100...(if we are able to do it) We have run so for, so fast (last 6 trading sessions)...that I would think we need a pullback...just to have the stength to get thru all that resistance, gaps, Fibo levels, NAZ 90 log chart etc...that exist 2000-2100... Do you see this differently? Sounds like you are ready to go long and strong on any close above 2000.....wouldn't you be concerned about the strength of the advance at the point (without some retrace?).....thanks..