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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: j g cordes who wrote (15692)	4/27/1998 4:09:00 PM
From: Johnny Canuck	Read Replies (3) of 68212

Hi Jim, It would be fun to see the reaction if there was a simultaneous failure of the wireless and land line telecommunications infrastructure in the area of the conference. On a day like this panic would sweep the rooms. I don't think I buy the reason for the sell off today. I hear about more and more layoff as companies re-structure to meet the current conditions. PPI has been flat to negative the last few months too if I remember right. I doesn't sound like a environment where the FED can raise rates. It could be the FED just trying to talk the market down, since it can't raise rates without harming the economy. Harry

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