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

To: IQBAL LATIF who wrote (38693)	4/11/2001 1:38:34 PM
From: James Strauss	Respond to of 50167

Market Ignores MOT Shortfall And No European Rate Cut... *********************************************************************** Ike: When the market ignores bad news it's a bullish sign... We are beginning to see a positive tone to the market... All major averages are trading above their 13 period MA... When viewed on the 6 month chart this suggests a change in the intermediate term downtrend to an upside bias... The Chinese agreement is also positive for the markets... The VIX and ARMS numbers are consistent with past market bottoms... As long as Dow 9600, SPX 1100 - 1080, and Nasdaq 1800 hold, we will have bottomed... I've been putting money on the table during these recent dips... Double bottom on the SPX... bigcharts.com Nasdaq trading above its 13 period MA... bigcharts.com Nice double bottom on the Dow... bigcharts.com Anything could happen in the next few weeks but the intermediate term bias appears to be to the upside... Jim