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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21302)	11/11/1998 9:00:00 AM
From: James Strauss	Read Replies (2) of 50167

The Market... Ike: The McClellan Oscillator is showing an ominous double top... decisionpoint.com This usually precedes a market dip... Today's S&P futures are going contrary to this indicator, currently up over 8.00... Any pop in the market could be short lived as the McClellan Oscillator heads higher to make a triple top... My gut tells me that the market needs some down days to scare the FED into another rate cut next week... If the market takes off now it will be difficult for the FED to cut rates... So, I'm looking for a several hundred point drop in the Dow before the next FOMC meeting... Jim

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