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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (53484)1/3/2001 3:40:31 PM
From: sandeep  Read Replies (1) of 436258
 
AllanAlias, I wasn't bullish when the NDX was at 2480 a few days ago. Now I am, at least for the short term. I think that as long as ndx-100 stays above 2400, we will go higher. Would really prefer it to be above 2500.

I think a little rosy colored glasses are required to balance out the pessimism. I was very pessimistic a few days ago and long the euro when I thought that AG is being too late in cutting rates. But I also defended him saying that he is waiting for the right moment for the cuts in order to achieve maximum impact. I think if the market runs up from here, he may not cut in the next meeting.
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