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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (67205)11/7/2003 10:42:20 AM
From: Real Man  Read Replies (1) of 94695
 
Yeah, but Nasdaq just went to the top of that triangle today.
It has some room to move up. SP did not have a room to move
higher than 1060, and it didn't. They are both at the top of
that triangle now.

Here is some stuff from Fleck
"The real surprise, I think, was that initial jobless claims dropped by 40,000, which is a rather large change for a week. Thanks to a knowledgeable reader, I had been alerted to some potential cloudiness in both this and the employment number to be released tomorrow -- due to the California grocery workers' strike, which affected 70,000 people. According to the way temporaries were accounted for and a handful of other gory details, this could have impacted both today's initial claims report and tomorrow's employment report. (One good thing about the initial claims number is that we'll know a bit more about that in a week.)"
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