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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (21900)	8/10/1999 3:40:00 PM
From: drsvelte	Read Replies (1) of 42787

Hi Dennis - hope you had a nice vacation! Here's news which apparently gave the market its lift: 15:00 ET Dow -57, Nasdaq -34.45, S&P -15.84:The market is mounting a major rebound late in the session as investors take comfort in the remarks issued by Fed Governor Gramlich... He said that all the fretting and stewing over the low unemployment rate is not warranted, as he does not believe it is a good measure of inflationary pressures... Accordingly, Net issues have made a distinct turnaround with Yahoo! and Amazon.com now very much on the upside... It will be interesting to see if this latest rebound can hold in the last hour of trading... DJTA -91.18... DJUA -0.87... Russell -6.82.

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