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Strategies & Market Trends : The Amateur Traders Corner

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To: Paul A who wrote (6491)	2/25/2001 5:21:09 PM
From: Tom Hua	Read Replies (3) of 19633

Paul, this week is filled with economic data starting with the Conference Board survey of consumer confidence. The consensus is for a reading of 111 down from 114 last month. Many believe the expected number is too high and it's setting up for disappointment. Last month the lower than expected consumer confidence (U. of Michigan number) triggered a sell-off. This time may just be the opposite, a lower than forecast number will be viewed as the catalyst for Greenspan to cut early, maybe on the same day. Bad news is once again "good" news. Position yourself in the long camp is the way to go this week. And if the Chairman decides to act, I'll sell into the rally. Regards, Tom

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