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To: Boplicity who wrote (9862)2/8/2001 9:28:08 AM
From: Sig  Read Replies (1) | Respond to of 13572
 
Re NAS prediction
Most likely low ST 2395 to 2468
possible low 2295 to 2348
remote possible momentarily low 2185 to 2259
No limit on upside.
Whut could be clearer?
Sig:



To: Boplicity who wrote (9862)2/8/2001 9:29:30 AM
From: Boplicity  Respond to of 13572
 
09:18 ET InfoSpace.com (INSP) 5: Toshiba selects InfoSpace's merchant services technology platform to power its Internet hosting and commerce services for customer network of hundreds of thousands of small- and medium-sized businesses



To: Boplicity who wrote (9862)2/8/2001 10:29:27 AM
From: Walkingshadow  Read Replies (2) | Respond to of 13572
 
Greg,

NDX remains in a technical downtrend. The rally which began in early January did break a downtrend line at about 2700 or so, but then failed at the declining 50 day ema.

askresearch.com

Now testing support in the 2600 area, which I think is an important test because this represents the upper rail of the downtrend channel. A failure in this area would mean short term 2400 is very doable; successful test of support would mean a retest of the 50 day ema at 2800 is likely.

I very much like the power sector at the moment, for obvious reasons (AMSC dirt, dirt cheap; CPN solid going forward; also SYXI, PWER, FCEL, CPST, IRF, EMR all worth at least watching IMHO).

Macroeconomically, things look cautiously hopeful to me. Tax cuts, continued easing bias might together provide at least a temporary stimulus to growth. I'm not at all convinced that this will be sufficient to ward off recessionary forces, however. But the thing I'm most concerned with is inflation, particularly from increased energy costs from all sources, not just electricity. Accelerating inflation, should it occur, will kill everything.

JMVHO,

WS