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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (34574)	10/2/2001 2:01:37 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68212

More good news: Inventories are shrinking. The inventory index is stuck in deep negative territory. It rose slightly from a 20-year low to 38.9 from 37.7. The key here is that it’s below 50 - way below, in fact. It was the seventh straight monthly reading under that boom-bust result. The survey shows how remote inflation risks are right now. While the prices paid index rose to 36.3 from 33.9, it’s still very low. The order backlog index fell to 43.0 from 44.5, another clue that bottleneck-style price hikes are nowhere to be seen. But the low backlog index also shows just how weak factory activity still is. It’s a reminder that huge idle capacity overhangs the sector. Factories are just waiting for orders to come in. investors.com