MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High-Tech East who wrote (5889)	1/3/2001 6:03:30 PM
From: Square_Dealings	Read Replies (2) of 19219

Ken, You and I must be the only ones that don't see an intervening rate cut as a healthy thing. The Fed has been pumping money in, in the form of repo's over the last week exceeding the levels outstanding ahead of Y2K. Since the market wasn't responding Al lowered rates between meetings. More borrowed money isn't going to do the trick in the long run. imo So far the Naz is playing almost the exact same tune as the Nikkei in 1990 -1991. If the correlation holds we should top out around 3000 on the Naz and then work lower from there. M.

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