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Politics : Idea Of The Day

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To: Peace who wrote (32427)	8/13/2000 1:15:07 PM
From: James Strauss	Read Replies (1) of 50167

Peace: The NDX continues to fight for its footing above the 3550 area... This sits above a trendline wedge formation that looks something like a "V" on its side: >... bigcharts.com The improved productivity numbers support the thesis of the FED taking no action at their next meeting... Add to this the strength in the NYSE/S&P-500 stocks vs the Nasdaq stocks... finance.yahoo.com Note that the New Highs are much healthier on the NYSE than the Nasdaq... Markets coming out of a slump are usually led by the blue chips and utilities... We are seeing this again... So, we should see the market continuing to creep up quietly, so as not to wake the "Wealth Effect" hawks on the FED... : > Jim

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