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

To: Johnny Canuck who wrote (24479)	12/3/1999 8:32:00 AM
From: d. alexander	Respond to of 70421

>>>the weakness in the retail stocks despite the positive projections by a few retailers today indicate a lack of conviction in advance of the employment report. Retailers were weak because the retail numbers for November (out yesterday) were weak. One explanation offered is the warm weather that kept people away from the malls. Until the weekend after Thanksgiving, which, I believe, was rather encouraging for retailers. So it may not have anything to do with the employment report? which is about to descend as I type. Sorry, did not watch the BKX. But I have the impression that many bank stocks went into overdrive recently & now they're showing up on my oversold scan! Big local something because the Times is considering moving west, abandoning their building to the highest bidder (having adroitly avoided attempts to landmark it). This would almost certainly consign it to the scrap heap, & another piece of history gone. Oops it's time for the employment report. later Dorothy