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

To: IQBAL LATIF who wrote (35567)	12/4/2000 11:45:50 AM
From: Peace	Read Replies (2) \| Respond to of 50167

US Supreme court sets aside Florida SC decision. Sends case back to Florida SC.

To: IQBAL LATIF who wrote (35567)	12/4/2000 11:46:14 AM
From: James Strauss	Respond to of 50167

Following The Indicators... **************************** Ike: A look at the one month NDX chart shows the 2 day and 4 day MA descending... bigcharts.com Momentum is below zero and MACD is negative... William's %R is neutral to positive... I'd have to see the 2 day MA cross the 4 day MA to the upside along with Momentum, MACD, and William's %R before I'd say we have a bottom... We would at least have to see this happen on the one month chart... Then, I'd be looking for a crossover of the 13 day MA, presently in the 2740 area... Until all this happens, we remain in the claws of the BEAR... Jim

To: IQBAL LATIF who wrote (35567)	12/4/2000 12:15:04 PM
From: PMG	Read Replies (1) \| Respond to of 50167

The main point that makes me sure we're up to the BK is the 1,7% overnight jump of the Euro (confirming the breakout of the trend)and even a strenghtening in the Yen. Combined with the selloff in Europe this morning and the US long bonds looking toppy, my reading is that we are see capital fleeing the $ and also fleeing stocks in general. This, once realized by global markets, should increase selling pressure over the critical measure. This should be valid especially for money in the Dow which is more risk-averse than Nasd investments. A -1,7% move due to currency moves is a larger day to day move than the DOW does normally alone. "The ship is disintegrating" I'm very surprised of what I see so far but I think it is too early to tell. Anyway, I think if one talks about such for month one should also have the courage to try to call it once it looks like it...BEFORE it actually happens. PMG