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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (1990)	6/3/2000 2:23:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 33421

OJ, Looks good to me. 1447 isn't too far off of my 1440. I am mostly playing naz stocks (up and down), so my feel for the SPX is a little less defined. Heinz did have a good point on another thread about rate hikes. If AG stops now, it is clear that the market will return to the mania. It also proves that there is still a lot of money on the sidelines to fuel the mania. I believe that it has to run its course and that the rate hikes are not going to stop it (except for short periods of time). I think we get 25 beeps and perfunctory hawkishness to top off the summer. I think that we still have some whipsawing during June with a resumption of the bull for the next earnings season. JXM