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Politics : Idea Of The Day
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To: Lee who wrote (30685)2/8/2000 8:46:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
<<In the fourth quarter, productivity advanced 4.8 percent in the business sector as output grew 6.7 percent and hours worked rose 1.9 percent (seasonally adjusted annual rates). In the nonfarm business sector, productivity rose 5.0 percent as output increased 6.6 percent and hours grew 1.5 percent.

Unit labor costs fell 1.0 percent in the fourth quarter, after declining 0.3 percent in the third quarter.>>

Rising productivity, output increase and lower unit labor cost is music to the ears of stock market, I would asume should lead to SPH breaking the resistance and provide the support that NDX and COMP desperately needs for a borader gains.. 1462 area is the target and 1435 the support inter day.. NDX 4000 and new high on NDX and COMP can be very lethal for shorts..we can see on break of 1455 a short covering frenzy..
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