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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: pinhi who wrote (25488)12/16/2000 12:18:11 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
Dick Arms got a word in yday, founder of Arms Index

he claims the Arms Index is showing most oversold situation in Naz since lateNov

should get a decent pop here
the bank index BKX has come back to clustered MovingAvgs in support
another good signal in the midst of a sudden downdraft to end the week

but the intensity of any rally depends on whether Fed displays 20-20 vision
and cuts interest rates
gonna be a Fed meeting with heavy conflict on Tuesday
perhaps a compromise with only a 25 bpt cut?
or going to easing bias

my bet: no on cut, maybe on ease bias
/ jim
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