Zeev's Turnips - No Politics Message Board

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

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To: Steve Lee who started this subject	11/8/2001 7:32:54 AM
From: Steve Lee	Read Replies (3) of 99280

If NDX futures maintain current level, market will open at yesterday's high. I wonder if someone is trying to get a gap up, or if some other factor is at play. UK interest rates came down .5% today. European Central Bank expected to announce a cut shortly of at least .25%. The ECB is more reluctant to cut rates than either the Fed or Bank of England, having stated sonething along the lines of their job being to guard against inflation, rather than hold up the markets. Edit - NDX futures just dropped 6 pts in 60 secs. Perhaps yesterday's high is formiddable resistance, even for futures manipulation?

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