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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (9402)	8/16/2001 12:41:06 PM
From: James Strauss	Respond to of 13094

An Important Test For The Housing Sector... ***************************************************** A look at the chart for AHMH shows a very nice performance this year... stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a1875][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3] Note the double top test coming... This Point & Figure chart is another way of looking at it... stockcharts.com Where this stock goes from here could signal a continuation of the profitable investing in the housing sector or a reversal... We'll know soon... Jim

To: James Strauss who wrote (9402)	8/16/2001 4:05:20 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim, another indicator is the copper market, which the following story is suggesting, but it needs to be a sustained gain for a few weeks to be meaningful, move above .73 a lb, because futures traders=manipulators=zero sum=big gains or losses, depending which side of the trade you happen to hold. And all the plumbers I know say we are slowing down, same story with the electrical trade. Copper Rises on Speculation U.S. Economic Growth May Quicken By Claudia Carpenter New York, Aug. 16 (Bloomberg) -- Copper futures rose as a government report signaled that U.S. economic growth may quicken, increasing factory demand for wire and pipes. The number of U.S. workers filing new claims for unemployment benefits fell unexpectedly last week, Labor Department figures showed. Copper prices have plunged 29 percent in the past 11 months, as the U.S. economy slowed, leading manufacturers to reduce production, firing workers and buying less metal and other raw materials. ``There's a growing view that the worst is over,'' said Frederick Demler, a metals analyst at ED&F Man Group in New York. ``Purchasing managers are going to start looking at their needs for next year, in September and October, and I think that's when we'll really see copper prices start to recover.'' Copper for September delivery rose 0.95 cent, or 1.4 percent, to 66.8 cents a pound on the Comex division of the New York Mercantile Exchange. Prices have fallen from a three-year high of 94.4 cents in September. They touched a two-year low of 65.4 cents on Tuesday. Also boosting prices was a report that U.S. builders started work on new homes in July at the fastest pace in almost 1 1/2 years. Housing starts rose 2.8 percent to an annual rate of 1.672 million units after rising 1.1 percent in June, the Commerce Department said. Analysts expected a decline of 2.3 percent in July. Construction accounts for 40 percent of copper demand. ``Housing has held up relatively well,'' Demler said. ``It's the rest of the economy that's been hurting copper demand.'' Production Declines U.S. industrial production has dropped for 10 months, the longest string of declines since the recession of 1982. U.S. auto sales fell in July to the slowest pace since December, as General Motors Corp. and Ford Motor Co. sold fewer cars. The average car contains 50 pounds of copper, according to the New York-based Copper Development Association. Initial jobless claims fell by 8,000 to 380,000 in the week ended Aug. 11 from a revised 388,000 the week before, the Labor Department said. In London, copper for delivery in three months rose $22, or 1.5 percent, to $1,482 a metric ton (67.22 cents a pound) on the London Metal Exchange.

To: James Strauss who wrote (9402)	8/16/2001 7:20:50 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 13094

Jim & all, what do you make of the numbers out from DELL? Also, in my seat of the pants economic indicator, the place I had lunch at today had a total of 21 people for lunch, normally they average 150. I stopped at a Sears hardware to pick up some locks (30% off sale on Master locks, which are no longer >assembled< in Milwaukee, now made in Mexico) I was one of 3 shoppers, vs 9 store people, and they were totally bored. Been like that since the middle of July they tell me. On the way out, I ran into the local UPS driver, and of course asked him how busy was he? His reply, spotty, busy on Monday & Friday, the rest of the week, kinda slow.