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Politics : Idea Of The Day
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To: Mark Fowler who wrote (27225)6/25/1999 1:47:00 PM
From: Judy  Read Replies (3) of 50167
 
That is the 20-day ema that rmbs should respect, the first support ema. It paid no attention to the momentum emas. Momentum stocks normally bounce off the 5/9/13 day emas, and when they don't something is probably cooking. Volume is huge, institutions may be realigning portfolios before the Feds mumble about multiple rate hikes for the year.

btw, the internet sector should be ok with one rate hike, may be toast with multiple rate hikes. Sector may be caving today in anticipation of that.
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