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To: Crimson Ghost who wrote (74422)8/3/2001 1:07:37 PM
From: long-gone  Respond to of 116753
 
Like I siad, probing for bottom, the finding resistance first at one then three then two time periods was telling me it was probing, but this bounce alone doesn't say bottom was reached, only slight + movement.



To: Crimson Ghost who wrote (74422)8/3/2001 1:54:46 PM
From: Alex  Read Replies (3) | Respond to of 116753
 
<<LONDON (Reuters) - U.S. productivity data due out on Tuesday could shatter the belief in a ``new paradigm'' economy of high growth and low inflation, triggering a stock market crash, a leading investment bank has predicted.

Dresdner Kleinwort Wasserstein said in a note to clients that revisions included with second quarter productivity numbers will revise away the ``productivity miracle'' of recent years, cited has a major factor in the bull market of the 1990's.

``Investing in the U.S. miracle will in retrospect be seen as a sick joke. The markets will be forced to confront this harsh reality on August 7,'' DrKW Global Equity Strategist Albert Edwards wrote.

``Make a date in your diary! The U.S. 'new paradigm' will then be officially revised away! The risks of an equity crash are high.''>>

dailynews.yahoo.com