Market Direction Predictions and BS guesses Message Board

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Strategies & Market Trends : Market Direction Predictions and BS guesses

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To: Lola who wrote (13)	5/17/2000 7:56:00 AM
From: the Chief	Read Replies (1) of 234

Somebody just reminded the market "his nibs" raised rates yesterday? duh! The net result is the Nas S&P and Dow futures have fallen significantly. This added information has required me to modify my 1 week (shorterm guess) radically!!! Message 13722294 Where I said:. Nas will float between 3650.12 and 3780.4532 Dow - will be on a role, Interest sensitive stocks will begin to waffle a bit, but will receive assurances from the "anal retentive" (analysts) that they are OK! The net result will be the financials will take a little hit but only slightly, probably close down 3.13578% on the week. DOW will break 11,000 by Next Wednesday and will be at 11,067.453 by 2:56 EST....The close has not been seen in my "vision yet". Please insert the following ammendments; Nas; Was, 3650.12 and 3780.4532 New numbers 3649.38 and 3779.12 Sorry for being so wishy-washy here people but when new "undeniable data" comes in, its only proper that you adjust your targets.......I mean after all thats what the other threads do,....I mean er-ah they will tell you they are bearish, but then a "new squiggly" appears on the chart and all of a sudden they are a "temporary bulls". So I'll try not to waffle here in the next couple of days but Greenspans bias to raise rates in June may cause me to further consider changing my bullish position. I'll try to keep the changes "less radical" in the future.....Whew saved my butt almost got locked into my previous Nas numbers...boy that would have blown my whole guru image....you know ...the oneI'm tryin to get! the Chief

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