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US TECH 100
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MSGI

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MSGI

Re: lentinman post# 46056

Friday, 06/09/2006 12:22:41 AM

Friday, June 09, 2006 12:22:41 AM

Post# of 173778
Len, The NAZ was sitting right on the trend line yesterday and was down over 50 points at one time today. It closed down 6.48 points, so, to me it has been violated intraday and on a closing basis. I will admit that 6.48 points isn't much. We could get a suckers rally tomorrow, but I don't think that there is enough good news to make it lasting. Margin calls and continued selling by people in Europe, could still put pressure on the market. I know that I don't plan on playing any near term rally.
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