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I am open minded to a day or two of additional
gains for NASDAQ. Note that Friday's reversal
occured at about the 50 day moving average,..a
support level which has consistently attracted
buyers,....and also reflected similarly in the
Investor Business Daily Mutual Fund Index chart
(page A22 Monday's paper),..clearly depicts bounce
at 50 day moving average. Other opinion I repsect
includes that of Paul Cherney Standard and Poors
Technical Analyst,...who comments that historic
odds favor another day of gains for NASDAQ on Monday.
I tend to agree with Paul Cherney and am open minded
to higher prices both NASDAQ and S&P500 into Tues
04-04 (New Moon) or Wedn 04-05.
Regards, JIM Pilliod jpilleafe@xxxxxxx
P.S. For anyone interested,...Paul Cherney's daily comment
is posted free at the Business Week site:
www.businessweek.com/today.htm once there,..
under sidebar Market Info,..click on Market Views.
Enjoy the weekend.
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