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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (22132)6/12/2000 2:51:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
TA on NazComp: bullish shorterm and nearterm (brief)

money flow is strong and getting gradually stronger
sentiment is improving with each new moderate economic report

NazComp made a big move off bottom two weeks ago
Naz moved thru all three of my relevant Moving Averages
(18day MA shorterm, 30day MA intermediate, 50day nearterm)

any mild pullback now could be regarded as a simple relaxation back toward the bunched moving averages between 3600-3750

after a quick rush to 4000 and beyond, I see a quick move to 4500 with a rest at 4250
this looks like a non-symmetric reversal for NazComp
but QCOM is looking symmetric as hell

a wicked serious bond market rally is looking nice
tough question: is bond market rallying because of lowered inflation expectations, OR because of increased recession likelihood

I say lowered inflation, with continued economic expansion with lessened growth
at least for the next 3-6 months
the Fed wants out of the picture for the election season

Naz down 90, QCOM up 3, JDSU up 6 (wow!)
I see the gap between Q and U closing over time
/ Jim
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