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To: DebtBomb who wrote (66285)8/9/2002 9:29:03 AM
From: SusieQ1065  Read Replies (1) | Respond to of 208838
 
Jim Brown 8/9/02, 09:23:14
Swing Trade Signals
Suddenly the markets have the rate cut blues. A story today in the WSJ stating the Fed will not raise rates next week is credited with pushing the futures deep into negative territory. Did they read my wrap last night? (grin)
Also, Emulex, ELX, warned that revenues would drop as much as -9% and reminded investors that the economic conditions are still weak. Motorola said it was cooperating with the SEC on a probe regarding to its dealings with Adelphia. Productivity rose better than expected at +1.1% compared to +0.6% estimates. This means employment will remain under pressure as companies continue to produce more with less.

It looks like we are going to get the pullback we needed this morning but with the gloom over no rate cut we don't know if it is going to be a temporary of permanent. drop. We will be looking for signs of strength/weakness after the opening volatility is over to give us a direction.



To: DebtBomb who wrote (66285)8/9/2002 9:36:07 AM
From: Softechie  Read Replies (2) | Respond to of 208838
 
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To: DebtBomb who wrote (66285)8/9/2002 10:00:04 AM
From: 2MAR$  Read Replies (2) | Respond to of 208838
 
psssst ---->BBY prints $21 from yesterdays sell-off... GREEN !hehe

we added twice yesterday at $19 and under ....

;-)