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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jill who wrote (4193)9/28/2000 10:19:34 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
note on CPI and inflation
today's revised GDP was excellent
slight adjustment to stronger Q2 growth
but the critical deflator measures inflation (more accurate)
it was revised LOWER than previously stated
this offsets the amateur hour CPI calculation scare yday

got more EXTR March100 calls when hit 104's
so far low for the day
support at 104-106
18day MA is at 102-103

given the lower tier downgrade of CSCO, holding well
seems to me like a "paidfor downgrade" by major house
trying to wash out the final weak hands
/ JW
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