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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Steve Lee who wrote (15244)	12/2/2002 8:28:06 PM
From: dvdw©	Read Replies (1) of 19219

Steve you said; "And the fact that this happened 90 minutes before the release of bad economic data is just coincidence. Same coincidence that has accounted for 201 pts of the recent 309 pt Nas rally occurring while the market has been closed. i.e. gaps up manufactured by the supposedly imaginary PPT." Realizing your in the UK and maybe not getting our news, we had some outstanding news sunday night that suggested Friday's shopping was up over 12% YOY in some parts of the country. That Steve was the fuel for the futures, and when the dire economic hindsight was released the markets went the other way, until reason prevailed and the common sense of fresh economic data trumping old data sunk in. The day after our Thanksgiving is a very meaningful day; the News on sales was exceptional. Is this the news missing from your radar screen? If so please recailibrate your mytth. I spoke with several retailers myself today, who suggested that things in some areas were way better than they thought they would be.

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