MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: LBstocks who wrote (2794)	5/4/2000 10:49:00 AM
From: J.T.	Read Replies (1) of 19219

LB, Nice post and link. I think if we will have 50 basis point rate hike if there is no significant market damage from these levels. DOW 10,470, NDX 3,600 et al. On the other hand, you will see only incremental 25 point hike if lower market prices persist into FOMC 5/16 - (DOW at say DOW 9,700 and NDX at NDX 3,100), fed will discount recent strong eco numbers (at peak now) and factor in future perception leads to reality and consumers will rein in spending. The one wild card is the election in November and fed wants to be done raising rates by August. I think 50 basis point hike is the way to go now and the market will rally on the hike. The thought is then fed only has one more potential hike to go in June another 25 basis points at most. Best Regards, J.T.

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