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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (66289)	8/9/2002 9:38:43 AM
From: SusieQ1065	Respond to of 208838

John Seckinger 8/9/02, 09:32:17 Stating the obvious: Yes, the Nasdaq closed exactly on its 22 DMA and it has been May since the index closed above such an average; nevertheless, I would not be surprised to see bids enter equities on a morning pullback. When will I most likely be wrong? Time to turn to the bond market. Price action in the September Bond above 108 should keep the pressure on equities and cash flowing to fixed income securities for the remainder of the session. Currently at 107-21 (+21 ticks), weakness back down to 107-09 should be the catalyst to turn equities around.