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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (237)	6/27/1999 11:45:00 PM
From: JLIHAI	Read Replies (2) \| Respond to of 19219

I've seen bond traders sell rumors and buy news many times before. I actually think that yields can ease back below 6% following the long-awaited FOMC move. The Nasdaq is still holding up well, I don't expect a move below 2500. The first third of JULY is seasonally strong for the market. I'm using current dips as buying opportunities for the July earnings season. Semiconductors look strong. AMD's warning didn't phase me because their warnings have become routine the past couple of quarters. Looking forward, the major indices usually like to spend a few weeks below their 200-day MA's at least once a year. I'm not looking for that imminently at all, perhaps after a second rate hike in August, particularly if a bias toward tightening remains. JL