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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (26441)	5/24/1999 12:18:00 PM
From: Judy	Read Replies (1) \| Respond to of 50167

The market retrace is a rite of passage and shall pass in time. I'm expecting the market to grind down and sidesides until the end of June when the FOMC will mumble whatever interest bias needed to keep the economy in balance. Until then the market will be self-adjusting and be earnings and interest rate driven. It is always a case that buyers pay what they feel comfortable paying ... the market remains an efficient pricing engine. It is essential to note fundamentals when stocks are close to key technical supports in this market context. The 100-day ema should be noted for violation thereoff. Jeff, I'd like to see cmgi's trendline remain intact, although it may be tough to do with the sector and naz selling off.