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Strategies & Market Trends : The New Bull Market. -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (427)	5/22/2002 11:22:53 AM
From: Chip McVickar	Respond to of 1750

$350.00.....??? Yup.....! Hesitation here at $320 as the price decides what to do with this median line.... Then $350 is the next higher price target, should be accomplished quickly or at least before the end of June. Shorts will begin covering even faster when the price makes it over $320. Watching the dollar. Bush's and congress's economic polices are causing serious perceptual problems. Tax cuts..., new spending and tax receipts are changing the balance. Budget has gone from 165 bln surplus to (-) -66 bln deficit in one year. The bears expect a catastrophe, but I don't see that.... Just a slow major screw up and with an increasing public fear for our nations and their economic stability. Just what the terrorists want....! "The budget path took a dramatic turn in early 2001. The stalled economy and tax cuts ended the stupendous tax receipt growth while the recession, emergency and economic stimulus sharply boost government spending and debt issuance. The vast changes in the last year have turned a May 2001 CBO estimate for a $300 bln FY2002 surplus to expectation for a deficit larger than $140 bln and another deficit in FY03 before surpluses return. The swing is unprecedented as was the size of past years' surpluses." briefing.com