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Strategies & Market Trends : MDA - Market Direction Analysis

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To: A.L. Reagan who wrote (70372)	2/24/2001 5:19:28 PM
From: JRI	Read Replies (4) of 99985

If AG cuts on Monday after Angel's comments, he'll look like he is totally cowtailing to Wall Street pressure...as if Angel is dictating policy to him...at a minimum, he has to wait until Tuesday's consumer confidence report...and use that as an excuse......But given the recovery in markets Friday, and a possible follow-thru on Monday, I expect he'll sit out....and then I would expect him to wait (if the numbers are awful) until the Naz/Dow approach 2k/10k again..or if we stall at these levels.. You raise a very interesting premise....however, I think the market will give AG thru Wednesday, and key off of that Tuesday report....if no action by Wednesday, I think some despondency will set in...and selling too... Finally, this is all under the assumption that the Tuesday report is bad....if it is not-so-bad...we may get nothing at all until meeting...especially if market rallies here short-term for many days...

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