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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (31031)	3/31/2000 10:24:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Thanks IKe.. watching as always...i like CMGI here too..i'm very long NOK...IBM a powerhouse stock...

To: IQBAL LATIF who wrote (31031)	4/2/2000 2:47:00 PM
From: James Strauss	Respond to of 50167

Ike: I agree with your Nasdaq support area of 4400... I drew a trendline starting from October of 1999 to the present... It touches slightly above the 4400 hundred area... We may see it tested as the market decides how to react to the Microsoft news of no deal with the Gov't... If that fails, the next support area is on the Fibonacci 89 day MA line at 4250... The S&P looks like it's getting some of that Nasdaq money... RSI and MoneyFlow are pointing upward... There is 34 day MA support in the 1450 area... The 5 day MA is above the 13 day MA... But the 2 day MA is below the 5 day MA... We need that to improve if the S&P 500 is to improve... We also need to see GE improve... It has over a 99% correlation with the S&P... Right now, it's showing short term On Balance Volume weakness... I've been adding to my ICGE and CMGI positions on these dips... They are both leaders in the B2B and E-Commerce holding company areas... ICGE prez is being interviewed on SI webcast this Wednesday... Jim