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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (54476)	9/1/2001 2:12:17 AM
From: Gary105	Read Replies (1) \| Respond to of 94695

After this is all over i think the biggest learning experience will be the importance of the ECRI indicator....right now many are talking about up move in anticipation of fed's cuts gaining traction....the market has not yet discounted further contraction of economy (as ecri predicts).......therefore i think while we may have headfake up, we will ultimately see lower lows as economy confounds by continuiing to contract (q3 will be negative)....we are only beginning to see the impact of job cuts on consumer confidence (apparently this impact is greater than that of tax rebate).....bwdik