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To: James Strauss who wrote (9651)9/5/2001 12:11:05 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
Jim, I just read an interesting piece on the DOW & the 200 day ma.
This theory states that when the dow hits 88% of it's 200 day ma,
that is a buy signal. So, the 200 ma is 10,540, and 88% of that
equals 9280, which is so very close to your 9250 number...
The tax loss selling by funds that are on a fiscal year, that close books
in Sept. & Oct, as I mentioned a few weeks ago, could feed this type
of collapse into those numbers, easily.

I think that productivity number is still bogus, I feel it is closer
to zero, or even a touch negative, but they won't say that, ever.

On that note, the best thing for me to do the rest of the day is not
play with money, so the sail boat awaits....



To: James Strauss who wrote (9651)9/5/2001 1:20:04 PM
From: Sergio H  Read Replies (1) | Respond to of 13094
 
Jim, negative reports on semi demand is holding back the semis. The market is looking for leadership. A technology sector has to step up to the plate.

Historically, each rally in our stock market has been led by a technological development. We've enjoyed many of these developments as our stocks have gone up 70% of the time.

On another topic, would you care to elaborate on your views on Treasury Secretary O'neill? Particularly O'neill vs Rubin.

O'neill is on a mission to boost the dollar to help out Japan. His comments today on the dollar ``Strong dollar policy. Good. Continuous,''

Sergio