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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (68965)	3/19/2003 9:28:16 AM
From: The Freep	Read Replies (2) \| Respond to of 209892

Ahh... it's all clear now. I understand the market. See, Paul, in the below 43 minute period, a little light went on collectively in "the market's" head. Must be it. 08:30 ET S&P futures vs fair value: +7.2. Nasdaq futures vs fair value: +8.0. Conflicting reports this morning as to whether U.S. troops are in the demilitarized zone on the Iraq-Kuwait border, but no matter, the market understands war is imminent and is heartened that clarity on the matter has arrived...Accordingly, the futures market is trading with a positive bias and is signalling a positive start for the cash market 09:13 ET S&P futures vs fair value: +3.0. Nasdaq futures vs fair value: +1.0. Futures market has lost some steam and is now signalling a modestly higher open for the cash market... While traders seem heartened by the understanding that war is imminent, the thought of what comes after a military engagement, and the possibility that the war may not be quick and easy, have served as a restraining influences