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marvin1946

07/24/02 11:46 AM

#7600 RE: was Steve #7594

Jeff,
ITs jawboning thats going on now. Fed govt is laying down the law and calling in favors. AF and O'Neill doing all they can. There is a deal in place. We will know about it soon i imagine. Liquidity for the banks in some way, aid to state govts in deficit, tax cut delay(wait to you see bush spin this),massive fed program to retool govt tech,passage of many deadlocked congress bills needed for recovery as well as democrat hot button issues such as prescript drugs. Bipartisan so both parties get something. marv

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anon

07/24/02 11:52 AM

#7605 RE: was Steve #7594

Steve, i dont see a signifcant pullback..the only pullback i see is from a midday high into the 2:20 +/- 20mins area.. if the pullback is 'significant', then i would consider it a gift and go long for a what i see as a powerful rally, imo

p.s midday range (12pm to 1pm)