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Politics : Idea Of The Day

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To: James Strauss who wrote (34932)11/1/2000 1:25:37 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Now that 1414 is out the next step is a double close above this level.. than we would need a run through the 1444 on SPZ that will find its base set out in this post..<<Monday, Oct 23, 2000 10:30 AM ET
Reply # of 34936

Mix indicators are a sure sign of a non-inflationary growth,,... look at this ECI expected to be higher that will hit the market but GDP growth expected to be lower, the net impact would be benign, however volatility is guaranteed as such two side play is possible between 1352 and as high as 1444..>>

To get out of the 1444 1352 stranglehold we need a decisive break through the 3480-3500 corridor on Comp, I expect these levels to be breached... we are on the right track and this is a major borad move.. SPX - DOW led rallies are formidable and more consistent we had one last Feb when we longed Brkb at 1400-1500 level, I think we go higher from here ledl by DOW SPX and Comp.. so far 61 percent companies who have reported have beaten the expectations down from 80% from last qaurter, but the market had built in far more lower level of expectations.. hence we would see some run to 3500 on Comp and than we shall see how things unfold..
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