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Politics : Idea Of The Day

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To: thebeach who wrote (9162)	9/8/1997 2:49:00 PM
From: J.T.	of 50167

Yo beach-CANADA, Hope all is well with you in the land of the north. You make a good point on the law of supply and demand. I just want to point out one small anamoly that could pose a thorn or two in side of market. First, The NAZ, RUT and today A/D index (breadth)if all holds up well (need net 645 advances) will confirm each other to new highs. On the other hand, the DOW needs net 436 points prior to today to have confirmation along with the weaknes in SOX today (needs 18+ points to confirm) and you get serious underpinnings that is holding the caboose back. Long Bond (TB) is not acting in line with bull script and we are going to have a push/pull war btw the variuos bull/bear indicators. I venture to say we are not out of the woods yet and cautious steps are still needed before any bull party proceeds. Your humble contrarian. JT

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