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Strategies & Market Trends : Sharck Soup
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To: Jim Spitz who wrote (29620)6/27/2001 12:10:58 PM
From: Electric  Read Replies (2) of 37746
 
Jim,

Look at the trend the last year, we sell off into the warnings period and rally when companies beat the lowered estimates. I see a move higher the next few weeks.

Did you get any FIBR the other day? I bought at a little under 10, I see the teens on it maybe more..

I agree with you on the global issue, when the FED is done we will start to price that in, and will be a possible reason for a leg down..but after we rally into and through earnings.. If you look at a COMP or SPX chart and observe around warnings and earnings, notice a big rally a week into earnings, that places us around the 2nd week of July..
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