[CANSLIM] Economic recovery

From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] Economic recovery
Date: Thu, 27 Dec 2001 06:31:29 -0500

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For those looking for a simple picture of the US economy, you need look =
no further than the Dow Jones Transportation Index. I have usually found =
this gives a pretty accurate picture of whether economic activity is =
increasing or decreasing.

No surprise, with airlines comprising 31% of this index, it took a huge =
gap down after 9/11. But since then it has been slowly recovering, has =
virtually filled in the gap down, and is nearly back to its level before =
the attacks. And that's without complete recovery by the airlines, =
indicating other parts of the transportation system are well above early =
September.


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<DIV><FONT face=3DArial size=3D2>For those looking for a simple picture =
of the US=20
economy, you need look no further than the Dow Jones Transportation =
Index. I=20
have usually found this gives a pretty accurate picture of whether =
economic=20
activity is increasing or decreasing.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>No surprise, with airlines comprising =
31% of this=20
index, it took a huge gap down after 9/11. But since then it has been =
slowly=20
recovering, has virtually filled in the gap down, and is nearly back to =
its=20
level before the attacks. And that's without complete recovery by the =
airlines,=20
indicating other parts of the transportation system are well above early =

September.</FONT></DIV>
<DIV>&nbsp;</DIV></BODY></HTML>

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