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Politics : Idea Of The Day
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To: Peace who wrote (32170)7/9/2000 10:02:29 PM
From: Peace  Read Replies (2) of 50167
 
We successfully tested the 3600 level on the NDX (triple bottom) and rallied right in to the employment report and followed thru on soft numbers. We need to take out the 4000 level that we shied off last month. This will be absolutely necessary to sustain this rally. I suspect that when positive earnings reports start coming out in earnest (a week from now) we should be able to break thru the 4000 level. Failure to take out this level in the next couple of weeks will bring the bear case in front. So let's hang in here and watch the NDX barrel thru the 4000 level.
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