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Strategies & Market Trends : News Links and Chart Links

SPXL 220.09

-3.3%

Dec 12 4:00 PM EST

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To: Les H who wrote (143)	5/14/2001 10:26:29 PM
From: ajtj99	Read Replies (2) of 29603

Les, the experts have weighed in with their opinions, how about yours on the Fed action Tuesday? I'm expecting 50BP like everyone else, although 25BP should be all current conditions call for. The wildcard is the consumer confidence. Is consumer confidence up in April partially due to the 38% rise in the Nasdaq in a little over 2-weeks? That is something that needs to weigh heavy on the Fed decision makers. The COMP chart looks horrendous: bigcharts.com The SPX looks like it's on track to hit at least 1200 short term, and maybe lower if the COMP continues down: bigcharts.com It also appears the SOXX is headed towards 525 near term: bigcharts.com

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