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Justa Werkenstiff

10/26/04 6:50 AM

#35336 RE: Justa Werkenstiff #35279

Market: I don't think a bottom is in yet using the SPX as a proxy for the market. SPX has a rescue stick and we know what they mean in a downtrend. SPX could rally a bit today off that stick but the down is not complete. NDX and NAZ are starting to line up more with broader makret and may catch up here before the SPX finds a short term bottom.