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Pastimes : CNBC -- critique.

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To: Ted David who wrote (5699)5/26/2000 4:05:00 PM
From: Logain Ablar  Read Replies (3) of 17683
 
Hi Ted:

Great job you and the whole crew do on CNBC. Have to admit I normally only catch the end of the day wrapup with Ron Insana. In your reporting next week I have a good one for you.

The coming rally is the Linda Trip Rally . The NAZ bottomed on Wednesday corresponding with this tid bit of news. Don't let anyone kid you into thinking it was the China Trade Bill (happened after the close) or the INTL FAB spending announcement (happened too early). It was the news Maryland would not continue wasting its tax payers funds on this case.

At the least Geraldo will be going nuts hearing Linda's name. Especially if he has to report on it next week.

Of course if we don't have a follow through on Tuesday, from the Wednesday reversal, all bets are off. Without a follow through on good volumn (normally within 4-7 days of the reversal day) exceeding Wednesday's close indications would be the FED over tightned and we will correct quite a bit more (lets not hold that thought going into the weekend).

Have a good weekend.

Tim

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