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

To: IQBAL LATIF who wrote (39739)	5/21/2001 4:42:36 PM
From: stomper	Read Replies (1) \| Respond to of 50167

Ike. Great call on NAZ pulling the S&P up. Frankly, I didn't believe it when you said it because I had been playing SPX and DJX pretty exclusively for the last few weeks and they were really running in tandem up and down. Today S&P really moved with the COMPX...nice call. -dave

To: IQBAL LATIF who wrote (39739)	5/22/2001 2:41:52 PM
From: James Strauss	Respond to of 50167

Ike: As long as the Nasdaq remains above 2250, and the SPX remains above 1280, the uptrend is intact... MoneyFlow and Volume on upticks is very positive... The SPX is at its 200 day MA... The Nasdaq would have to get to 2700 to meet its 200 day MA... The Dow is comfortably above its 200 day MA... As more money comes off the sidelines we should see the Nasdaq move towards its 200 day MA in the 2700 area... That march towards 2700 will bring a lot of money off the sidelines and will benefit the broader market... Jim