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Politics : Idea Of The Day
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To: James Strauss who wrote (31400)5/10/2000 1:21:00 AM
From: Karim Allana  Read Replies (1) of 50167
 
Composite has a gap between 4/27/00 low of 3513 and 4/24 high of 3496. I think we will test this gap tomorrow and bounce off it. Ultimately, we are too close to the 3227 low to not test it sometimes before the FOMC meeting.

Then in accordance with Nasdaq tradition, we will have a relief rally even after the Fed raises interest rate by 50 points.

Allana
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