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Politics : Idea Of The Day

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To: Jerry Olson who wrote (37357)	3/20/2001 8:17:30 AM
From: IQBAL LATIF	Read Replies (1) of 50167

My view is -- If we get 1% chance-- fair.. we get to rally to 1178-82, fail and re-test 1138 and bounce to 1188 area.. If we get .5% chance-- most probable, AG will not give in to the gun held on his head, he knows economy and liquidity is good and he knows that we will see better days.. we fall to 1118-28 area and I think we still bounce to test that 1180 resistance a fair one too.. if we are uanble to take out 1155 we may see 1180 taken out, it may be construed as a vote of confidence by FED in hte economic outlook of hte nation.. We get .75%- chances- 30%- I would think that we may still break on resistance at 1185ish like in case of 1% and this volatility id playable interday..overall i expect that by Friday a rate cut will help hte market over ocme this 1180 resistance..the amount of liquidity may and shall help.. Phillip trading at 15 time P/E is no more a out of the world valuation stocks, moreover forward guidance is better although present numbers ar worst..

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