MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.24

+0.3%

Jan 15 4:00 PM EST

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To: Stcgg who wrote (64357)	12/15/2000 7:59:37 PM
From: High-Tech East	Read Replies (2) of 99985

<<The Fed cut rates by 75 basis points at the Oct98 low of 1357 after which the market rose 278% to the Mar00 top of 5132.. If we get 3 quarter pt cuts, I believe that would be enough to complete a Big wave 5 which would exceed the recent Nasdaq high>> ... maybe so, but in late 2002 or 2003 MAYBE ... are you serious ... I do not care if the FED 'drops their pants' next Tuesday, rate cuts of even a gross magnitude will not put off a recession of some substance in 2000-2001 ... theories, theories ... give us a break ... puleezeee ... ... read some business news when you are not looking at charts ... Ken Wilson

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