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Politics : Idea Of The Day
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To: JDinBaltimore who wrote (30076)12/14/1999 10:09:00 AM
From: IQBAL LATIF  Read Replies (4) of 50167
 
Hiigher bond yields as a result of higher retail sales .9 above consensus of .4, although the core was in line the SP futures did not like this higher retail sales if we see further weakenesss in bonds I would bot be surprised that 1432 support may be taken out and we see more pressure, but keep an eye on the NDX that is the key index I am watching this 2200 support now...as important inter day indicator rising bond yields and falling below 2200 we may see some reversal... if we hold on we may retest that 1442 resistance, more thna likely chances of piercing it are receeding in view of bonds.
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