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Strategies & Market Trends : Sharck Soup
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To: besttrader who wrote (22196)5/10/2001 6:09:19 PM
From: American Spirit  Read Replies (1) of 37746
 
Any dip tomorrow should be bought into with everything you've got IMHO. If last rate cut history repeats then sell Tuesday morning for a very nice gain. Bad PPI will make the Fed keep cutting and eliminate any doubt of a .50 cut, and maybe more of them after that. We all know bad economic news has been equally bearish and bullish recently. it's a double-edged sword thanks to an aggressive Fed. Nothing we can do now but agree to disagree and wait. If techs were at their highs now I might bail but since they've slid I feel much safer. That said, I'm sure nothing would surprise either one of us. Did you read the IBM report?
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