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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (27461)	7/26/2000 12:11:19 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68324

"The big news will come tomorrow by way of the Employment Cost Index (ECI)Report. This will surely be a major market mover as well as a report that the Fed will be carefully scrutinizing. We have been talking about this upcoming report for weeks now and feel that this could move the Nasdaq by 400 points over time. That's 200 points in either direction. Why the importance? Wage pressure inflation. This is a killer and the Fed will surely hike rates in August if the report is inflationary. The forecast is for the Quarterly number to be up 1.0% and the Annual number to be up 4.3%. We think that the numbers will be in the range of up 0.8% to 1.1% for the Quarterly number and up 3.8% to 4.4% for the Annual figure. Should the numbers arrive as we expect, the market should not be negatively affected. The last couple of hours of trading today should clue us in on where the "smart money" is betting. Don't be surprised to see some weakness, as traders take chips off the table ahead of the report." The Bull Market Technical Investor - bull-market.com Wed Jul 26 12:06am ET - U.S. Markets open in 9 hours 24 minutes. Dow 10699.97 +14.85 (+0.14%) Nasdaq 4029.57 +48.00 (+1.21%) S&P 500 1474.47 +10.18 (+0.70%) NYSE Volume 969,420,000 Nasdaq Volume 1,471,212,000 30-Yr Bond 5.802% +0.000 RETAIL 8 +0.5% Edit Delete Compare SOFTWARE1 13 +0.4% Edit Delete Compare DSL 6 +0.5% Edit Delete Compare DWDM 15 +0.1% Edit Delete Compare Financials1 7 +0.7% Edit Delete Compare Carriers1 6 +2.8% Edit Delete Compare Telecom Construction1 3 +1.3% Edit Delete Compare networkers1 6 -0.8% Edit Delete Compare Contract Manufacturers 5 +0.8% Edit Delete Compare Telecom Equipment 18 +3.3% Edit Delete Compare Tier 2, D-WDM 15 -1.4% Edit Delete Compare Broadband Cable 1 8 +2.2% Edit Delete Compare Harry's current watchlist 32 +1.1% Edit Delete Compare DOW 10 -0.8% Edit Delete Compare XML 15 -0.7% Edit Delete Compare Internet Security 20 -1.4% Edit Delete Compare Supercoductors 5 -5.5% Edit Delete Compare Bull Sector-optical 84 +0.3% Edit Delete Compare Satellite Stocks1 3 -4.9% Edit Delete Compare Strong Stocks March 16 Correction 22 +1.8% Edit Delete Compare Biotechs 9 -9.1% Edit Delete Compare CHIP EQUIPMENT 13 +1.4% Edit Delete Compare CHIPS1 18 +2.8% Edit Delete Compare MEMS 2 -5.7% Edit Delete Compare April 11 strong stocks1 16 +2.9% Edit Delete Compare Day Traders 12 +3.2% Edit Delete Compare Genomics 9 -7.9% Edit Delete Compare Incubators 8 +0.7% Edit Delete Compare Internet Sector 12 +0.1% Edit Delete Compare Flat Panel Displays 3 +10.5% Edit Delete Compare