Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (11716)	2/26/2001 3:13:30 PM
From: captain_midnite	Read Replies (2) of 30051

Angell and guys at Bear Stearns yapping again...market rallying on their call of increased probability for AG to cut? Maybe some weak shorts covering on that, but cannot see this as a good basis for a sustained rally. More like setting it up for another drop. When AG is all we got...I don't like the chances. Rather see some stock buy-backs announced and some techs reporting better visibility into late '01. Looks pretty good for your next interim low...least the Dow did bounce pretty strongly off of 10.3k. Maybe MSFT news could trigger some COMPX rally, I think the Fed's are in trouble here at appellate level...trial judge was a bit too "expressive." Good luck all midnite

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