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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (19364)	6/29/2001 12:53:21 PM
From: Jdaasoc	Read Replies (1) of 30051

I shorted the NAz and the S&P aroudn 1235.50 so I am feeling a little pain here.. Just watch MSFT. If it goes up over 73, NAZ and S&P will go higher. If it falls below 67, the market will follow it signficantly lower. I talked to some Ingram Micro sales reps that deal exclusively with MSFT software licensing and they are extremely busy while thousands at Ingram just got laid off. IT spending still occurs when you are threatened with either softwrae piracy or promises of overall higher costs if you don't upgrade your software NOW My bet is we hold this trading range. john

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