Al Gore vs George Bush: the moderate's perspective Message Board

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Politics : Al Gore vs George Bush: the moderate's perspective

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To: David Howe who wrote (5469)	11/10/2000 11:57:06 PM
From: Hawkmoon	Read Replies (3) of 10042

THE UGLY TRUTH ABOUT WHAT GORE WILL WIND UP DOING TO THIS ECONOMY. I thought I would post a few charts for everyone to ponder. We closed exactly 3 points above the previous low on the Nasdaq. If Gore doesn't wind up conceding over the weekend, the Nasdaq will break through the 3000 level and will likely test 2893 and probably 2400-2500 level before we rally hard. However, since 3,026 has been tested twice this year already, in May and October, and formed a semblance of strong support, violating it will automatically turn it into resistance, preventing significant moves above it and causing tremendous tax loss selling for the rest of the year. Furthermore, any rally that occurs with the next pension refunding in January will be seen as a time to distribute gains from the rally and prepare for a retest: siliconinvestor.com siliconinvestor.com siliconinvestor.com Now if I can see these charts, then we can bet that the big financiers on Wall Street can see them too and are applying the appropriate pressure on Gore. If Gore doesn't concede weekend, his legacy will be that he was responsible for putting the US into recession in 2001. That will SIGNIFICANTLY UNDERMINE any potential power the Democrats expect to derive from playing hardball and contesting this election. This is going to get REALLY INTERESTING... Regards, Ron

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