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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Square_Dealings who wrote (42606)2/15/2001 8:07:07 AM
From: stockycd  Read Replies (1) of 42787
 
Yeah, the euro is getting hit hard overnight. But does a rising dollar give Greenspan a little (just a little) more room to raise rates...Just a thought.

What is your take on the recent strength in the SOX and being a leading indicator in the Nasdaq. It seems like there is so much fear in the streets right now. Most of the 99/2000 net "daytraders" I know haven't made trades in months and AMAT rallys after the worst quarter and forward looking forecast in months...I am of the opinion that as long as rates continue to fall, the DOW will eventually break out of this pseudo-diamond to the upside.

I just simply cannot fight the FED on this one and I don't expect a V bottom. Energy prices are out of the picture. Natural gas blew the wad a la 1999/2000 Nasdaq. I don't look for new highs in natural gas for a long time.

I'm not trying to paint a rosy picture but the internet excess has for the most part been rung out and that is what the market is recovering from. It may take a while but I think 2001 will end with positive gains on all the major indicies...

cd
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