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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: steve susko who wrote (51627)	5/17/2002 4:13:23 PM
From: Jim Willie CB	Read Replies (1) of 65232

Massive Daily NASDAQ Rallies zealllc.com step back and look at Nasdaq over last two years "Graveyard of Fools", as Hamilton calls it TA: big downtrend very much intact in fact, in the last month it has deteriorated the midline downtrend line was broken no evidence whatsoever of major support in the Naz Composite Naz heading to 1100 later this year in all likelihood such a breakdown would require a few strong forces I believe it will from among the following ... - rising price inflation of consumer goods - rising energy prices - rising interest rates brought on my declining dollar - continued debt collapse - resumption in layoffs - stalled real estate market - more high profile bankruptcies (e.g. Ford Motor) - eroding trust in Greenspasm and the Federal Reserve - deadlock in Congress and lack of leadership domestically - more Islamic mayhem in our country / jim

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