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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: HammerHead who wrote (4359)3/28/2001 10:34:18 AM
From: Paul Shread  Read Replies (2) of 52237
 
It could still go lower, but so far the NDX is holding the right shoulder of the potential inverse H&S. Hard to believe it will hold on a sell-off of the magnitude, though. Alleged leaders like JNPR and CSCO are setting new lows.

On the yield curve, the 3 month/1 year inversion is at its widest in three days (.10), so that's a negative. Looks like another 1/4 point from the Fed may still be needed.
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