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

To: shasta23 who wrote (36722)	4/11/2002 2:33:06 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68005

Hi Stefan, >>Couple of month ago you were talking about the overall >>public and private debt situation that needed to be taken >>care off. Don't know if that has happened( i doubt it!) >>and will that be necessary for a real recovery? If I had to guess I would think that it is worst as the weak economy combined with low interest rates have caused some people to dig into their credit to support their life style. This is the third test of 1732 in as many days, despite the oversold market an index can not test a support level that often without a break. We should have a better idea after tomorrow as the professional would have cleared their option positions by then. I still expect June/July to be the time period when traders will start to take heavier positions on stocks in anticipation of the second half re-bound they have all been referring to. Indication are still for an improving economoy though indication of this have been spotty. From a longer t erm perspective, I doubt we have dodged a recession. The Fed only put it off using borrowed money. At some point we have to pay the piper.