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To: Jack of All Trades who wrote (247429)	6/27/2003 8:55:28 AM
From: Mike da bear	Read Replies (1) \| Respond to of 436258

I'm not the one charging for prognostications, he is. Therefore I can dis him. All I can say is I haven't been short since QQQ 24.5 which puts me ahead of him. I think the high before summer doldrums start can be at any time so I'm holding off going long. Went long for 1 day yesterday. If today opens up > 1% may go back short NDX via rydex at 10:45am for an afternoon retrace. I think the highs in the next week or so will be just under previous highs of 31.50 or so.

To: Jack of All Trades who wrote (247429)	6/27/2003 9:06:14 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

Long live the SPIN - U.S. May Personal Spending Rises 0.1%; Incomes Rise 0.3% June 27 (Bloomberg) -- U.S. consumer spending rose in May as discounting and optimism about the economy's prospects helped lift sales, government figures showed. The 0.1 percent rise in spending matched the revised April increase, the Commerce Department said in Washington. Adjusted for a decline in prices, consumer spending increased 0.3 percent for a second month. Incomes rose 0.3 percent after increasing a revised 0.2 percent. ........................................ Spending on services, which account for half of the report, increased 0.5 percent, the biggest increase since January, after rising 0.3 percent in April. Spending on durable goods such as autos, appliances, and other big-ticket, long-lasting items, fell 0.7 percent in May after rising 2.7 percent the prior month, today's report showed.