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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (51291)	8/27/2002 8:49:29 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Just skimmed the Durable Goods report. Very impressive bounce I have to say. New Orders NEW ORDERS for manufactured durable goods in July increased $14.4 billion or 8.7 percent to $179.7 billion, the Department of Commerce, U.S. Census Bureau reported today. This followed a 4.5 percent June decrease and is the largest increase since October 2001. Excluding transportation, new orders increased 3.9 percent. Excluding Defense, new orders increased 7.3 percent; this is the largest increase on record. Year to date, new orders for 2002 were 1.9 percent below the same period a year ago. Shipments SHIPMENTS of manufactured durable goods in July increased $5.3 billion or 3.1 percent to $178.5 billion. This followed a 1.6 percent June decrease. Year to date, shipments for 2002 were 2.4 percent below the same period a year ago. Unfilled Orders UNFILLED ORDERS for manufactured durable goods in July increased $1.3 billion or 0.3 percent to $489.8 billion. This followed a 1.6 percent June decrease. Inventories INVENTORIES of manufactured durable goods in July, down eighteen consecutive months, decreased $1.0 billion or 0.4 percent to $264.5 billion. This followed a 0.3 percent June decrease. Capital Goods Industries .....Defense New orders in July decreased $0.9 billion or 14.3 percent to $5.4 billion. .....Nondefense New orders in July increased $6.9 billion or 13.5 percent to $57.7 billion. ------------------------------ census.gov

To: AllansAlias who wrote (51291)	8/27/2002 8:45:07 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

whether or not it is real remains to be seen With all due respect Al, what exactly remains to be seen? I could see a bit more upside on a relative strength basis, and slow stochastic perspective, but these formations seem to meet most generally accepted criteria, and seem to be following the same pattern development that countless other successful H/S formations have shown on follow thru, on other indices. This is not wise guy stuff. How come you think these deadly looking formations shouldn't be respected as real...and played accordingly? Wilshire 5K Head and Shoulders Formation stockcharts.com Updated Unfinished weekly stockcharts.com