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Politics : Idea Of The Day

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To: Jerry Olson who wrote (37710)	3/30/2001 1:30:54 PM
From: James Strauss	Read Replies (2) of 50167

1750 is another serious breakdown of the NAZ...if we get that print...NQ's are in freefall for weeks now... SOX moving lower and lower..any break of 500 is total disaster here Ike... You still short OJ??? Be careful... : > The Dow, Naz, and SPX are holding above their 9600, 1800, and 1150 support areas... They are also above their 34 day price and obv linear regression lines... I couldn't think of a better time for the market to fool most of the people by refusing to go down further, and, by dang it, may actually start marching upward in the face of disbelief by many traders... We've had so many surprises... So why not a turnaround as the market begins to discount easier revenue and earnings comparisons in the fourth quarter as those rate cuts and tax cuts increase the money supply... The country's 500 biggest companies are beginning to trace out a reverse head and shoulders pattern... bigcharts.com The European Central Bank is close to reducing its own rates... If they have more money to spend they may buy more of our products... And, it goes around and around... Markets bottom, and then turn up... Let's see what happens... I think Dr. Norman Vincent Peale is going to write the last chapter of the Big Bad Bear... : > Jim

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