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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (233992)4/7/2003 10:59:14 AM
From: David Zgodzinski  Read Replies (2) of 436258
 
Pru's Acampora sees indexes returning to 9-mo. highs ($INDU, $COMPQ, $SPX) by Tomi Kilgore
Ralph Acampora, chief technical strategist at Prudential, said the improvement in overall market breadth supports his belief that the major stock market indexes will reach the high end of their respective nine-month trading ranges. That implies a return to 9,000 for the Dow industrials ($INDU), to 965 for the S&P 500 Index ($SPX) and to 1,500 for the Nasdaq Composite ($COMPQ). Those indexes are currently at 8,492, 23, and 1,423, respectively. He added that if the S&P 500 were to close above 965, "this will constitute a quality rally."
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