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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 474.73

+0.5%

2:21 PM EST

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To: Connor26 who wrote (19008)	6/6/2002 9:49:11 PM
From: Susan G	Read Replies (2) of 26752

the nas futures are up 15 points off the lows, and gained about 5 pts on Bushes speech... so the slam in afterhours may be the worst for now. But you may want to sell any bounce if there is no swift reversal up after the gap down tomorrow. The September spike low gets retested at 1088.96 on the NDX. That's about 40 points lower than the futures are now, so it's coming soon. Inevitable now IMHO. On the other hand, bargain hunters may be out in force tomorrow, as they've been buying the dips for days. On the other hand <g> there's will be margin calls coming, and that may keep the selling going for a day or two if there is not a good reversal to the upside after the tank tomorrow...

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