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Politics : Idea Of The Day

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To: sandeep who wrote (34850)10/25/2000 12:07:00 PM
From: James Strauss  Read Replies (1) of 50167
 
Basis futures, the NDX-100 is already below 3250. If that breaks, where do we go ?

Sandeep:

For me, it's the actual close during daily trading that's most important... Right now the NDX is swinging above and below 3250... Note the double bottom made today...
bigcharts.com

The character of the close will be important... It's no secret that the economy is slowing... The surprise may be a FED cut earlier than expected... If I'm thinking about this, the market must also be getting ready for FED loosening mode... We should have a nice rally into the end of the day...

Jim
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