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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (34941)	11/2/2000 11:03:40 AM
From: James Strauss	Read Replies (1) of 50167

Ike: The economic numbers today are good for equities... The A/D line and New Highs on both the NYSE and Nasdaq are better than the New Lows... finance.yahoo.com Today's early morning pop on the NDX took out the previous two days highs... bigcharts.com It's possible that we may see a dip back to the 3240 area to fill the morning gap... After that, the trend appears to be up... The 3240 area sits right on top of a short term trendline... The 3340 area sits on top of an intermediate term trendline... A cross above that sets up moves to the 3500 and 4100 areas... I agree that the CSCO earnings are critical to a resumption of the Nasdaq uptrend... Their accountants must be working around the clock... : > Jim

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