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S&P 500
6,001.35
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0.10%
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US TECH 100
20,547.20
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-0.09%
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Dow Jones
44,293.13
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0.69%
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-0.38%
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Post# of 8622
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J Kirksey

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J Kirksey

Re: TREND1 post# 1049

Thursday, 06/03/2004 1:21:03 PM

Thursday, June 03, 2004 1:21:03 PM

Post# of 8622
I see semis bouncing off 20d SMA's, MACD's have not given sell signals, thus we can have another leg up to upper BB's.

I am 100% calls, but may buy some puts [in different issues or OEX]

Bounce appears underway, sneaking up - no big jumps to invite selling. INTC will be a non-event IMO. Jobs report likely to be a non-event too - rise overestimated, so no rate pressure.

Note that car discounts are going up again [deflation] - giving up to 12K off Tahoe/Yukons/Denalis/Suburbans

Can now buy new for what dealers are trying to sell 2 year old vehicles. This kills trade market and those who need to sell a 1 or 2 year old vehicle because they can't make the payments.

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