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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/3/2001 1:39:48 PM
From: besttrader	Read Replies (1) of 37746

13:30 ET Dow -130, Nasdaq -72, S&P -24.11: [BRIEFING.COM] Negative bias persists as the Dow re-visited its lows while the Nasdaq and S&P dipped to new session lows in the past half hour... In light of today's disconcerting economic data, caution is warranted ahead of tomorrow's employment report as there is a risk of the report being worse than expected... In fact, Briefing.com thinks there is a risk that the report turns out to be bad enough that a swing back to recession fears could result... With that in mind, we would be reluctant to buy today's dip, preferring instead to err on the side of caution for the very near-term... In addition, we should also note that the recent data have prompted Briefing.com to slash its April nonfarm payrolls forecast to a 75K decline from a 20K increase-- a move discussed further in one of today's Story Stocks... NYSE Adv/Dec 997/1946... Nasdaq Adv/Dec 1236/2347.

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