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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Terry Whitman who wrote (34549)11/1/2000 10:45:45 AM
From: Peace  Read Replies (1) of 42787
 
NAPM below 50 indicates manufacturing sector is contracting a reading above 50 means expanding. Traditionally NAPM has been very accurate in predicting fed rate cuts when it gets below 50 for 3 months in a row. As per that we are about 3 months away from a fed rate cut. That would point to January based on this indicator.
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