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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Clint E. who wrote (22698)8/10/1999 3:11:00 PM
From: drsvelte  Read Replies (1) | Respond to of 69326
 
Hi Clint:

15:00 ET Dow -57, Nasdaq -34.45, S&P -15.84:The market is mounting a major rebound late in the session as investors take comfort in the remarks issued by Fed Governor Gramlich... He said that all the fretting and stewing over the low unemployment rate is not warranted, as he does not believe it is a good measure of inflationary pressures... Accordingly, Net issues have made a distinct turnaround with Yahoo! and Amazon.com now very much on the upside... It will be interesting to see if this latest rebound can hold in the last hour of trading... DJTA -91.18... DJUA -0.87... Russell -6.82.

Bought some CSCO and my daytrading favorite, MFNX.