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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (32810)5/12/2000 9:15:00 PM
From: fedhead  Read Replies (1) of 42523
 
In the previous retest of the lows the number of new lows in the NAZDAQ contracted. That has got to be a bullish divergence. Today's action just indicated that people
who bought yesterdays rally took their profits ahead of the
fed meeting . I think we have seen the bottom in the NAZDAQ
for now and we back and fill tthe rest of the summer till
the ecnomic numbers show a slowdown and the fed doesn't need
to hike any more.

Anindo
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