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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (20777)	6/2/1999 4:06:00 PM
From: Judy	Respond to of 34811

Glenn, I'm not sure if we have seen the bottom in the internet sector but we are close. With NAPM strong, housing sales strong the market may be weak into Friday. Employment numbers should be on the strong side, so I think we could skid down into mid June when the gdp will indicate that at least one rate hike is needed. Retail numbers were strong last month which inputs into the gdp. Internet sector may not finally bottom until gdp is out. ebay, one of the strongest in the sector, is cruising thru its 50-day ema from below for the second time. An encouraging sign, but it is being sold into strength.