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Re: Re: Re: [sharechat] Strange times

From:	"O.M.M." <openmind@paradise.net.nz>
Date:	Sat, 2 Dec 2000 09:51:44 -0800

The general opinion in the rural sector is that the dollar is a little low, some of their increased income is now being of set with higher fuel and equipment cost. Apparently most equipment that was brought into the country when the dollar was higher has been sold.

One farmer said that 45 to 50cents US would be a good balance but Im sure others will disagree.

The NAS had a strong bounce of 2500 (a major resistance) on Thursday with huge volume so it is quite likley that it will form a bottom at this level, if not 1800 is the next port of call.

Most US fund managers are starting to increase their holdings in shares so in the new year we may see a turn around.

Cashed up companys will have a field day from now on (lots of oppurtunities with little competition)

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