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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: gc who wrote (70382)2/25/2001 12:25:28 PM
From: seminole  Read Replies (2) of 99985
 
<< selling will soon resume regardless of rate cut since market has already expected additional rate cut.>>>

I agree that Fridays rebound may just be a response to an oversold condition. We will see on Monday.
I agree the market has been expecting additional rate cuts.
However, I feel the selling last week was the result of not having a rate cut in February. The market will rally on the next rate cut.
I don't believe the market will have any long term improvement until it operate well without a rate cut.
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