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To: bcrafty who wrote (42655)6/20/2002 1:32:56 PM
From: marginmike  Respond to of 209892
 
being so close to the 1387 makes me believe we need to get to like 1400-1430 or 1330-1350. We either turn before or breach and turn. For at least a good bear rally till 03



To: bcrafty who wrote (42655)6/20/2002 1:42:29 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Banks are no doubt helping the Nasdaq, like FITB or small regionals like PEBO, and the addition of biotechs to the NDX right at the peak has hurt there.



To: bcrafty who wrote (42655)6/20/2002 1:44:24 PM
From: marginmike  Read Replies (2) | Respond to of 209892
 
seems to me that economic data and markets are getting disconected, as Philly fed was pretty good, as were Housing and Housing and bank stocks are down. Me thinks we are in the pschology Fear mode. It could last a bit and take us to new marginall low on naz arround 1300. But I think we are close. The worst thing for bulls is if we keep having these weak rallies. We need sustainable move to get greedy here.


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