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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (15640)	5/10/2001 11:17:24 AM
From: TREND1	Read Replies (1) \| Respond to of 30051

zeev: now that 2250 seems to be such a good resistance number, how about a little back ground on how you determined that number. larry dudash

To: Zeev Hed who wrote (15640)	5/10/2001 11:24:24 AM
From: Boplicity	Respond to of 30051

at least they are not inflexible. It's pretty hard for any well developed economy to escape a slow down when the USA is having one. While I'm not surprised the central banks are aligned, I'm worried that rates will not do it due to lack of the ability to add value to what we are producing now. In other words, I believe we have reached a certain amount of nirvana in the quality and quantity of production of finished goods. Sure we have many area such as China/India that are rapidly developing, but can they off-set a replacement market that has developed in euro, USA, and Japan? Or will we need some other catalyst to moves us forward? Both of those unanswered questions have me calling for the market to move largely sideways for sometime. G