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Pastimes : Home on the range where the buffalo roam

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To: mishedlo who wrote (11391)	3/10/2001 8:39:10 AM
From: DlphcOracl	Read Replies (2) of 13572

mishedlo: Problem with guessing where the NASDAQ bottom is and jumping in is that if NASDAQ breaks psychological support level of 2000, no one knows how far it can plummet from there -- 1800? 1600? No real stimuli on the horizon except for options expirations and short covering. FOMC rate cut of .50 is already priced in, cut of .75 is out of the question and there is lingering fear of only .25 rate cut. Add in the upcoming earnings warnings season and what should be the worst quarter for tech earnings reports and there is little reason to think NASDAQ is going to bounce from here.

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