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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (2147)10/30/2001 12:31:06 PM
From: Jdaasoc  Read Replies (1) of 99280
 
since I think we still have that other move to well above 1700 before the end of next week.

BKX only off 0.7% so I guess fallout from Argentina debt is already off the radar screen. You tell me what other negative economic events could happen in next couple of days that we don't know about already. This market will trade higher on any news that just meets lowered expectations.
This market is trading like a recovery will begin sometime in 2002. So any major downturn in market could only appear sometime in 2002 if this recovery appears to be markedly delayed.

The Intel announcement yesterday that P4 will be shipping with DDR memory in late NOv to early Dec should give rise to pickup in Intel and the SOX within 30 days. Somehow even dumb ass analysts may catch on to the good news before official Comdex show in Nov.

john
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