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

To: Peace who wrote (32170)	7/6/2000 12:35:25 PM
From: Soumen Barua	Respond to of 50167

if we can't rally off the employment numbers tomorrow will be a hint of greater downside ahead. Well I have taken some put positions mainly as hedge against my calls. Regards, S

To: Peace who wrote (32170)	7/9/2000 10:02:29 PM
From: Peace	Read Replies (2) \| Respond to of 50167

We successfully tested the 3600 level on the NDX (triple bottom) and rallied right in to the employment report and followed thru on soft numbers. We need to take out the 4000 level that we shied off last month. This will be absolutely necessary to sustain this rally. I suspect that when positive earnings reports start coming out in earnest (a week from now) we should be able to break thru the 4000 level. Failure to take out this level in the next couple of weeks will bring the bear case in front. So let's hang in here and watch the NDX barrel thru the 4000 level.