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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (20855)11/29/2000 7:55:41 PM
From: jcky  Read Replies (2) of 65232
 
Voltaire,

We are actually in agreement on tomorrow. I expect Nasdaq 2500 to hold tomorrow. I also believe the market is due for a technical rally, but would I be suspicious of the rally for next year? You better believe it.

In either case, traders buying on the dip tomorrow for a bounce will be richly rewarded.

Keep an eye on the US dollar. If the US dollar starts to fall, Uncle Al and the Feds will have their hands tied and will be unable to sustain a longer term trend of lowering interest rates.

Regards,
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