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

To: Killswitch who wrote (14861)	10/26/2002 12:03:23 PM
From: Killswitch	Read Replies (2) \| Respond to of 19219

The anxious index is not showing a significant chance for recession as of Q3. Message 18160538 My take at this point is that it could go either way... depends mainly on how the consumer performs through the next 6 months I think. If they continue to slow down further then we could be in a recession as early as Q1 2003. There are signs like the continuing slowdown in car sales this month, but so far they are not anywhere near strong enough to make a real case on. The market at the moment is composed of a lot of hope that the consumer will stay strong. Quite simply, if we continue to get bad consumer confidence and spending information then the market would seem to have a significant chance of testing its recent lows. On the other hand if the consumer information stabilizes or improves then perhaps we can sustain some kind of upmove. The confidence numbers on Tuesday should be interesting.