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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (87713)1/24/2000 4:41:00 PM
From: J. C. Dithers  Read Replies (1) of 90042
 
No "overbought market" stuff today ... This was all due to the Atlanta Fed guy saying that the past rate hikes haven't worked. The headline was around 3:15 PM. You could see the typical overreaction coming. On CMRC alone, you could have made 20 points today in less than 10 minutes on the drop and the rebound. The red sea is coming, but it didn't start this afternoon.

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