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

To: IQBAL LATIF who wrote (34959)	11/3/2000 1:27:26 PM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Money seems to be taking a shuttle between the S&P and Nasdaq... The past few days the money liked the Nasdaq/NDX... bigcharts.com The 10 day NDX chart has the 10 day MA above the 20 day MA with a rising bottoms pattern... The NDX is now near its 3340 intermediate term downsloping trendline... This sets up tests of 3500 and 4100 with a close above 3340... Trim Tabs reports oodles of $$$$ pouring into the mutual funds as of November 1st... I wonder where the managers are going to put all those oodles to work?? Hint: Beaten down technology stocks... Jim