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To: donald sew who wrote (37902)12/12/2000 9:22:52 AM
From: horsegirl48  Respond to of 42787
 
Thank-you Donald for taking the time to post a update, I hope everything is okay with your Mom, again I send my best wishes to you and your family.
HG48



To: donald sew who wrote (37902)12/12/2000 10:27:04 AM
From: Paul Shread  Respond to of 42787
 
Hope all is well, Don. NDX retraced to yesterday's breakout point of 2895 or so at its low today; could be a good buy point if it gets there again (70 7/8 QQQ).

HON warns by 20% and GE/HON barely go down. Hello? That's 25% of GE's future business! If Jack Welch ever stops short, they're going to have to extract all the ANALysts from his backside with the jaws of life... A good bet to become a fallen angel at some point; the market's betting that GE's sales force and $1.5b+ in "synergies" will make up for HON's earnings that just a couple of months ago were only worth $32 a share...



To: donald sew who wrote (37902)12/12/2000 12:07:27 PM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
SPX could either be forming an ascending triangle, with upside to 1450, or a rising wedge, with downside to 1300. Am tempted to go with the triangle, because the upper trendline of the wedge does not begin at the first reaction off the lows.

wsrn.com

NDX made a clean breakout of the inverse H&S, but it too could be forming a rising wedge off the lows. Will we retest the lows over the next month or so? It would be unusual for an inverse H&S to mark a bottom, and have the head be retested (right shoulder retests are far more orthodox).

wsrn.com

wsrn.com