MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.70

-0.3%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: eichler who wrote (65710)	1/3/2001 3:37:01 PM
From: jmootx	Read Replies (3) of 99985

Greenspan to me is a reactionary force. Yes he should have cut rates this Fall---and he should have not reacted with that 50 point hike last May-when a single bad ECI number sent him over the edge. His private market advisors likely told him what many of us on this thread saw last night---that the NDX was seriously ready to crash. It sat firmly on its last support and could have been a major ugly. Remember in 1998 when he went to save LTC. A lot of people I know lost all their free cash betting on the dip. So this should be an institution led rally. Today is a massive short covering run, be interesting to see what sectors will get the most money. The oils are getting hammered right now. We might see a run similar to 1991, the market put in a great year during that recession once rate cuts began.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next