MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Saulamanca who wrote (70830)	2/28/2001 10:22:17 PM
From: Dave Kiernan	of 99985

"""At this point, we believe that unless the Fed gets really aggressive with at least a 50 point aggregate cut (25 very soon and 25 on 3/20), the market will probably only produce minor relief rallies for a while. At this point, the Fed needs to worry more about the recent economic and market downturn accelerating than it does about inflation. In spite of what Greenspan said (or didn't say) today, we believe that there's still an excellent chance that we'll see an interim rate cut within the next week (possibly this week). So when's the next relief rally? The VIX was pushed higher again and the market is oversold and there are several other reasons to think that we may get a chance for one tomorrow or Friday, so be prepared to take action on the long side if first tier overhead resistance is taken out.""" 3mtinc.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next