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To: Donald Wennerstrom who wrote (14323)4/3/2004 4:26:19 PM
From: Donald Wennerstrom  Read Replies (2) | Respond to of 95645
 
As a result of Friday's action, IBD had this to say:

<<Nasdaq Surges As Volume Soars At Last

BY DAVID SAITO-CHUNG

INVESTOR'S BUSINESS DAILY

A strong jobs report Friday gave the market just the spark it needed to snap out of its eight-week funk.

The session also dished up fresh breakouts by stocks with the right mix of strong fundamentals and technicals — just what you like to see at the start of a new rally.

Top-rated stocks in the medical, tech, gaming, steel and telecom industries posted strong gains on heavy turnover. They're repeating the same pattern played out by the best stock winners in past bull markets.

[snip]

<<Volume zoomed to 2.21 billion shares, almost 20% higher than Thursday. It marked the Nasdaq's first substantial gain on above-average volume since Jan. 16.

The strong gain on sharply higher volume gave an unequivocal confirmation of the latest rally that began March 24.>>

[snip]

<<Friday's session, however, squashed any remaining doubt that institutions are hungry for stocks again.>>

<<Current Outlook
Market in confirmed rally
>>