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

To: Johnny Canuck who wrote (38026)	8/15/2002 11:15:42 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71040

[madtrader] Wed Aug 14, 5:05pm PDT INTL One of the few telecom related stock that is breaking out to a new high with good volume. none. [madtrader] Wed Aug 14, 5:02pm PDT Economy We have a bunch of conflicting reports on the economy. CNBC even did a piece on who to trust on the future of the economy. S&P suggested a double dip this morning. Some people credit The Conference Board's suggestion that there will be no double dip for the big rally today. I believe the yield provides the best clue as to what kind of economy we will have. Sure, the yield curve has been moving down in the last 3 months, prompting fear of a double dip. But the slop of the curve never did change. And that's the key. We are still looking at a positively sloping yield curve that suggest a fairly robust economy going forward. none. [madtrader] Wed Aug 14, 3:14pm PDT IBM Considering how tech stocks have acted in the last 2 months, this one doesn't look at all bad. Just broke above it's July highs today with a nice bump up in volume. The first higher high in a long time, for that matter, since January. none