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

To: At_The_Ask who wrote (56621)	10/16/2002 9:13:46 AM
From: marginmike	Read Replies (2) \| Respond to of 209892

HUIX looks like it want 80-90 then we will have move up. IMHO

To: At_The_Ask who wrote (56621)	10/16/2002 11:31:03 AM
From: GraceZ	Read Replies (1) \| Respond to of 209892

The economy has become like the story of the blind men and the elephant. In one place you look there is a definite inflationary trend and in other places you see declining price levels. Different aspects of the economy are not moving in concert. This is because in a situation where the C&I is contracting the money created by the Fed simply goes to pump up prices. Reduced economic activity with rising costs. Nothing shows this better than the last PMI report where the price component has been rising while production is contracting and inventories are rising. Sept Aug July June May April March PMI 49.5 50.5 50.5 56.2 55.7 53.9 55.6 Production 50.9 55.6 55.7 61.4 58.5 58.0 57.8 New Orders 50.2 49.7 50.4 60.8 63.1 59.0 65.3 Backlog Ords 44.5 45.0 45.5 53.5 56.5 56.0 62.5 Supplier Delvs 55.7 53.4 54.9 55.2 53.9 53.7 53.1 Inventories 43.6 45.2 41.8 43.7 45.6 42.9 41.2 Employment 44.9 45.8 45.0 49.7 47.3 46.7 47.5 Prices 62.5 61.5 68.3 65.5 63.0 60.3 51.9 Export Orders 51.8 52.7 52.2 54.5 53.3 51.9 51.0 Imports 54.7 51.9 54.2 55.1 53.6 55.7 53.4