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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: HairBall who started this subject	5/23/2001 1:52:41 PM
From: t2	Read Replies (1) of 99985

Looks like the Jefford news has been factored into the market by now..or the uncertainty seems to be factored in. That means the Nasdaq should recover some or most of its losses (down 47 now). Should recover all losses by no later than tomorrow, imho. Apart from this political news, there was strong momentum to the upside. That should now resume. The tax vote could still happen this afternoon. That is probably more significant than any shift in power in the Senate. The most important issue (ECONOMICALLY) would be behind us if it passes. Getting that done would be good for investor sentiment. I hope it happens soon. The other issues are not really that important for the technology sector. More to do social issues.

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