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


To: Bucky Katt who wrote (10979)5/4/2002 1:27:36 PM
From: James Strauss  Respond to of 13094
 
6% unemployment here in the US, uh oh, we are becoming France! They are cratering the US dollar..Which is what we have been talking about for 6-8 months, lots O' money being made by those who were short the buck & long the others..

William:

Unemployment is usually a lagging figure... It's usually worse at the bottom... The improved manufacturing numbers are probably a better indicator of what's to come... With that said, investor sentiment is focusing on unemployment rather than improved production... The Nasdaq is reflecting this negative sentiment...
bigcharts.marketwatch.com

We could see tests of 1548 and 1500... If that doesn't hold we could return to the Sept lows in the 1387 area...

Jim