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Strategies & Market Trends : Steve's Channelling Thread

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To: rfisher who wrote (2525)6/18/2000 12:47:00 PM
From: Bosco  Read Replies (1) of 30051
 
Hi all - and happy father's day to all the daddies :)! Here is the thing. Both the Dow and Naz are behaving as they should on triple witching, i.e., it was a trending continuing event. Therefore, is it possible that while the Dow, especially the financial and old economy components, will continue to tread water until next week while Naz may continue its advance, albeit with a terrible A/D ratios? Not sure if it is wishful thinking :), it is also possible for the summer rally to commence before FOMC, since the worst, 25 bp hike, is priced into the market?

best, Bosco
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