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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject1/31/2001 5:07:42 PM
From: sandeep  Read Replies (1) of 436258
 
Lemmings have been taught that it is normal for the NDX-100 to sell off after a rate cut. So, the initial downshot to ndx-100 2500 or so will not be a problem for the long term health of the market. Then if the market doesn't bounce back, it will be a serious mid-term crisis. If the market continues to go down, the power of the fed would have been destroyed in people's mind. This is not good for the economy and will not happen IMHO.

So, a favored script would be - downshot to 2500 on ndx-100, then a 2-3 months rally to 3000-3200. Then reassessment of the conditions before a fall-off or a liftoff.
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