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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Altman who wrote (3082)	5/18/2000 7:15:00 PM
From: J.T.	Respond to of 19219

Geoff, the rotation goes back and forth with no ryhme or reason. Dow was up b/c of financial strength C, JPM, AXP and among others like HWP bounce. Banks strength for me signals we are much closer than the end than the beginning of the rate hikes. No more than 50 basis points, imo - and maybe just 25 in June and that is it... We will have 2 months of data between June and August. By that time data may filter thru that economy maybe on the slowdown. As for tech - it is coming down from lofty valuations and no earnings are trying to catch up to market prices. Tomorrow tech rocks.. Best Regards, J.T.