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

To: Jerry Olson who wrote (32601)	8/28/2000 1:18:35 PM
From: James Strauss	Respond to of 50167

Thanks OJ: I concur with your support areas for the SPX... I have it at 1453 and 1435... 1453 is where it meets the 89 day Fibbonaci MA... 1435 is the intersection of an intermediate term trendline... So, any dips should be within the context of a clearly defined up move... bigcharts.com I agree that we should be on the lookout for earnings warnings but think that we'll be getting a soft landing... The difference in this economic cycle from previous cycles the structural productivity gains we are seeing... This will help cushion the earnings downside usually seen at this time of the economic cycle and set up a faster rebound... It's not out of the question that the FED could even cut rates while we are in the midst of the turnaround... So, I see higher prices ahead through my rose colored glasses... : > The A/D line is improving... The New Lows look great... finance.yahoo.com Jim