Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (72654)	2/27/2001 9:07:41 PM
From: Michael Watkins	Read Replies (1) of 436258

Fear, shmear. ottographs.com Not worth posting NDX charts, its still officially in a downswing; SPX will re-enter its downswing after a two day pause in another 10 points lower or so. Sitting on a knife edge, seems unlikely that anyone can engineer a complete halt to the decline. I keep saying, when ADX and VIX are both around 70, then it will be time for a trade. For a bounce. Not an investment. LOL. Hey, you folks have probably seen this, was posted on the Ask Us.. thread, presumably for the hopeful sounding "Don't Fight The Fed" command at the bottom. bankcreditanalyst.com Rather than take any comfort from the rise in M2 (Fed coming to the rescue thinking), it may be simpler to wait until M2 decreases sharply, since that 'should' indicate the worst is over. Its still going up, according to the chart. Put another way, as long as it is rapidly increasing, someone in Washington fears something big. That kind of thinking puts "don't fight the Fed" into a new and perhaps more useful light! Maybe someone will say something interesting during or post Bush's speach this evening.

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