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

To: Logain Ablar who wrote (38363)	11/4/2002 7:12:43 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69103

>>Manufacturing would luv the FED to ease and weaken the $$. That helps for exports. I am not so sure it will help domestic demand. The reality is that the US consumer is getting pretty close to being tapped out. We saw bad debt provisions go up at American Express. The layoff can't be making everyone feel secure about spending either. How are housing prices doing in your area of the country? I see quite a few for sales signs here in Vancouver. I think people were afraid they are going to raise interest rate (which they did earlier in the years). The market has cooled quite a bit since then. It is still pretty strong from what people have told me.

To: Logain Ablar who wrote (38363)	11/4/2002 8:25:39 PM
From: Mark Johnson	Respond to of 69103

Tim: I've noticed Zeev's bearish stance during this run also. I see 1222 in the cards near term too. Best to you, Mark

To: Logain Ablar who wrote (38363)	11/8/2002 10:53:00 AM
From: Suresh	Read Replies (2) \| Respond to of 69103

Hi Tim, I have a different perspective of weaker dollar. US is a debtor nation and as such, I don't think we should see the dollar weaken further. Unfortunately we are headed in the same direction as Japan (One of my friends was telling me just to follow Japan market with a time lag and it seems to be working okay so far). Couple of things to keep in mind.... Consumers are spending but they have become more selective. Malls are crowded but they are not throwing money. I really see a sense of uncertainity creeping up in their minds. So, they are going to be spending only on necessary things... which translates to weak profits for many many tech related and discretionary retail stores this christmas. Which essentially delays the business spending. BTW, expect QLGC and ELX to announce warning before April of next year.... I am seeing another troubling sign... if it continues... God help the high tech workers of Silicon Valley and US! It will have far more implications than people think. Needless to say I am becoming bearish on the market in general and very very bearish on the techs. Later, Suresh