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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (1385)	5/2/2000 7:53:00 PM
From: Sergio H	Read Replies (1) of 30051

Hi Zeev. Futures are saying that a half point rise is emminent. That being the case, expect Greenie to offer a "leak" in some speech or press release prior to the Fed meeting, allowing the market an opportunity to digest the news, shave some points off our indexes and then proceed to rally. Arguably, the futures are running contradictory to historical precedence that lays the quarter point rise as even odds. If the first scenario is correct, then it would be prudent to stay on the sidelines until Greenspan speaks. If the latter is correct, then the market volalitility will continue, absorbing the short term and worrying about the long term. Nice thread. I've been enjoying reading the commentary. Sergio

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