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ChartMan

Legendary member
5,580 46
As the afternoon continues, tech stocks continue to lead, enabling the tech-heavy NASDAQ to hang on to some gains made this morning while the DJIA has dipped back into negative territory under pressure from news of more anthrax cases. Also on traders minds are downgrades of DJIA component SBC, offsetting whatever encouragement felt after earnings from the likes of Lucent and Daimler Chrysler, while certainly not as strong as one might hope, at least offered no surprises. Analysts feel that as long as earnings continue to come in no worse than predicted, meeting forecasts no matter how deeply cut, Wall Street could enjoy a continuation of yesterday's rally. Alan Greenspan's encouraging comments about the economy and the buoyancy of American spirit are surely adding lift to the market as well.

Explains the drop....adds to support the rising trend....
 
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