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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (14620)	9/20/2002 3:39:04 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

Remember, this is for last week's data. With the lower stock prices this week and falloff in housing data it should be weaker next week I think. It will be interesting to see what ECRI says when it dips into negative growth. "Weekly Leading Index Falls September 20, 2002 Sub-par recovery weakening, but no recession: By Rex Nutting, CBS MarketWatch The "sub-par recovery" in the U.S. economy is weakening, but there is still no sign of a renewed or double-dip recession, said Lakshman Achuthan, managing director of the Economic Cycle Research Institute. The ECRI's weekly leading indicators grew 0.5% in the latest week, the weakest peformance since December. Achuthan said the index is reflecting a "tug of war" between the positives of monetary and fiscal policy and the negatives of business and investor sentiment. He said business investment is still being dragged by consumers. "It'll take a few more months," he said. "We need to have conviction that the consumer will not disappear."