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Politics : Idea Of The Day
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To: steve susko who wrote (26008)5/4/1999 1:56:00 AM
From: J.T.   of 50167
 
Steve, Iqbal is well justified with these targets as we are 21.5% above the 200 day MA. Last time we were at or above this level DOW-wise was August '87. Dow 9000 will bring us back to 200 DMA test. Factor in a 3% to 5% throw-"under" and 8,750 is not out of line. DOT may have one more rally left in it, but now is the time to get DEFENSIVE. I like WFC and WLA to weather the corrective storm. Keep an eye on XAU index and ABX. Just some thoughts. Best. J.T.
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