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To: pater tenebrarum who wrote (72544)10/28/1999 7:09:00 PM
From: Les H  Read Replies (1) | Respond to of 86076
 
The market had been primed for an upside surprise to the numbers, i.e., higher growth and worse inflation. In fact, as with the previous economic reports, the 'experts' have been revising up their whisper numbers up to the date of the reports. I agree that the numbers aren't very good (unless you're still looking for a job) and that the numbers are skewed lower since the least-in-demand workers are added last (having left out the issue of baking numbers). The trendline break, short of a new reaction high, changes the intermediate trend status to neutral from down-trending for now.