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

To: IQBAL LATIF who wrote (31551)	5/24/2000 6:12:00 PM
From: Jeff Jordan	Read Replies (2) \| Respond to of 50167

>>>SP00M 1382 and rebound now and take out 1408.. a tall order but doable<<< 1408 not going to be hard to do now. US house passed the China Trade bill....that should help the market rally tomorrow.

To: IQBAL LATIF who wrote (31551)	5/24/2000 7:51:00 PM
From: PMG	Respond to of 50167

Please can someone comment on this, because it could make the market's fate: Tomorrow the Q1 GDP numbers are released... the first quarter covers perfectly the rally to peak in the stock markets and I am almost certain that this must have had a BIG impact on consumer spending (high) and inventory (low, also because of recruiting problems!?). Isn't it extremely unlikely, that the figures will show a slow down? I don't know what the expectations are but I think an absolut, even seasonally adjusted slowdown is almost impossible! China in WTO is certainly nice, but how high is the risk to re-break again what has appeared today as the reversal? I still hold these puts and planned to sell them in early hours trading tomorrow and to go for more long positions again. It could be just the wrong move wrong time... PMG