VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: mtnlady who wrote (8139)	10/16/2000 2:38:36 AM
From: Jim Willie CB	Read Replies (2) of 65232

Naz will not get lower because Q4 is set to be strong inventory levels are low, and will be replenished labor is perking up, not falling off from a slowdown and consumer spending has turned up Naz wants badly to rally from these wicked oversold levels I expect it to rally toward the shorterm moving averages then it will probably come down by then it might be clear that Q4 is to be sufficiently strong until the MA's have flattened, a true bottom cannot be built they aint flat now, but next time down they will be flatter my main concern is past economic data spooking the market like the Q3 GDP out in late October that is where the incompetent chorus of economists will grab the limelight if past is prologue, that is where they will be LOUD WRONG Naz has twice now enjoyed an electric response from 3100 levels once in May and now once in October the more electric, the more difficult subsequently to break down a very significant new catalyst would be required like a new gulf threat, a collapse of Europe, civil unrest in the US, yet another Fed rate hike just thoughts from a jackass in his undies scratching avidly / Jim

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