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Politics : Idea Of The Day
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To: zone_boundry who wrote (37764)4/2/2001 9:13:23 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Good article.. Today market direction will be dictated by either some revised pre-announcements or without that NAPM, we get better than 45 below 50 ofcourse the market will like it, as the market would be happy with pace of recovery, below 50 and just above 45 will be ideal, makes some room for more cuts, however a disappointment like PMI Chicago, very weak number will be cause of selling but supports like 1138-8 area may hold as market realises the potential of future cuts , although that will be not a good reason market to bounce. I will expect a number between 43-46 any thing better would be hlpful anythng worse would be not very helpful..
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