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Strategies & Market Trends : Rande Is . . . HOME

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To: velociraptor_ who wrote (44868)	1/8/2001 2:59:56 AM
From: ~digs	Read Replies (2) of 57584

Velo... regarding Federal rate cuts in 1929: Here is a chart that I ran across which helps to illustrate your point... services.elliottwave.com It is true that historically, the mantra of "don't fight the fed" has generally been a correct assertion. But, we mustn't forget that sometimes there are exceptions to what has become the 'conventional wisdom'. Whether or not this happens to be one of those times remains to be seen. I am watching the 2300 compx level (roughly the point at which Greenspan stepped in) with a very close eye. As was mentioned previously... Greenspan has spent his silver bullet. If the markets cannot hold that level then I personally believe there is significantly more downside. That said I think Rande is correct in saying that no one should 'hope' for fiercely bear market. The loss of liquidity would make for some very boring circumstances as compared to the recent past. JMHO

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