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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Defrocked who wrote (1325)	4/26/2000 3:57:00 PM
From: Chip McVickar	Read Replies (1) of 33421

Defrocked and John, A closer look at this Utility rally suggests something a little different....., And I was wrong about the Tel and Optic fibers running these stocks up. It is much different. These major gains appear to be the straight forward energy producers. Take March 13th as the beginning for the move: AEP Amer Elect is up 45% PEG Publ Serv is up 43% ED Consol Ed is up 35% REI Reliant is up 33% PCG PG&E is up 31% Those with telecommunications components are weaker: ENE Enron is up 11% wmb Williams is dwn -16% TXU Texas is up 25% DUK Duke is up 28%

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