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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Redhook who wrote (19718)	8/13/1999 2:17:00 PM
From: LastShadow	Respond to of 43080

"I can't see any reason why it would" I notice every time you and I are long it does.... U.S. TRADING SUMMARY: Stocks rallied at Friday's opening, led by strong gains in the technology sector after the latest economic report tempered fears about inflation. "The bond market reacted well and the equity markets responded in kind," said Doug Myers, vice president of equity trading at Wachovia Securities in Atlanta. "I think it will hold today." Myers said the news was so much more positive than expected and it could call into question whether the Federal Reserve would still raise interest rates at its policy setting meeting on Aug. 24. "That's what we're hoping, that it will change the assumptions," he said. "There is no inflation. The Fed won't be doing more than a 25-basis-point rate hike, and that's it for the year," said Arthur Hogan, chief market analyst at Jefferies & Co. "This (Dow) is going to 12,000 ... by the end of the year."