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Strategies & Market Trends : LastShadow's Position Trading

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To: ynot who wrote (18410)8/2/1999 12:19:00 PM
From: LastShadow  Read Replies (1) of 43080
 
The National Association of
Purchasing Management's index for July slipped to 53.4, below economists' forecasts, from
57 in June helped tame selling in the market caused by two weeks of interest-rate jitters and
fears of resurgent inflation. The bond market, however, remained lower despite the tame
NAPM figures, hurt by more declines in the dollar against the yen. Back in the stock
market, investors remained selective toward technology stocks, a sector whose high growth
rate could be stifled by an increase in borrowing costs.
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