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Politics : Idea Of The Day

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To: Jerry Olson who wrote (30610)	2/3/2000 6:23:00 AM
From: JDinBaltimore	Read Replies (1) of 50167

Hello Jerry - Ike, Hope all is well with you and thread. Ike Kicked me out of the nest last year, in a post which kind of forced me to do some serious analysis. It was much appreciated, and I've gained tremendously from it. (Thanks IKE!) I'd like to expand on you're recent conversation with GZ. Referencing SPX (add approx 10 points to equate to futures). It seems to be a few band of support still remaining with an open of 1409 yesterday, the test of 1403 and 1418, seems to repeat the same old cycle. It was encouraging to see hold at 1403; it usually likes to test to 1402, then bounce to 1410-1412 area, yesterday seemed to prove very little resistance going through 1412 to 1418 area - encouraging! But the close was a little puzzling and also encouraging a close at 1409 forming a doji for the day, and not retesting the 1402 area, although indicating indecision shows a little positive upside bias. To the downside, still have a little band of support at 1398 area. It seems like earnings and jobs data are what will tip this hand. Best John

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