Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: MulhollandDrive who wrote (49611)	8/21/2000 2:20:21 PM
From: Jorj X Mckie	Read Replies (2) of 63513

I am less focused on the FOMC than I am with my scenario of a slow, but steady advancement of the naz on the chart. If you recall, last week I told Poet that I expect the naz to go up to 3950 and then pull back 150-200 pts. I should have been less specific and said "I expect the naz to peg the X at 3950 and then pull back 150-200 pts". I think that the market is doing a healthy climb with nice pull backs, rather than the parabolic up moves that bring with them the risk of dramatic corrections. Or course, Carpino's cycles and the FOMC play into the scenario to some extent.

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