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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/31/2001 1:11:23 PM
From: besttrader	of 37746

13:00 ET Dow +63, Nasdaq +41, S&P +8.90: [BRIEFING.COM] Maybe traders felt challenged by our last comment that buyers weren't showing much conviction, because the major indices have shown some considerable improvement since Briefing.com's last update, aided by program trading... The indices are all near session highs at the moment with tech, transport, telecom, and oil drilling shares leading the gains... Renewed buying interest in the latter stocks has been a key driver of the blue chip resurgence in the past half hour... Similarly, crude prices are off their lows of the session ($27.55 bbl) and are now trading at $27.90 (-$0.65)... NYSE Adv/Dec 1877/1066... Nasdaq Adv/Dec 2158/1350.

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