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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Michael Watkins who wrote (44016)	2/28/2001 7:25:02 PM
From: Chip McVickar	Read Replies (1) of 44573

I'm still looking for a rise into early March. Now that Angell's cooked and blown out, up they Rise...! This market's had every opportunity to move, and remains flat. The selling off any peak, has been powerful, but price is coiled. Can you imagine what's going to happen on bad news, like maybe when the announcement comes we're in a recession a few weeks from now. This Guy Shouted Loudly and got out lower then he wanted...! Now the Markets can Go Up. *************** After all that foolishness from Wayne Angell of Bear Stearns calling for a 80% probability of a rate cut this week, he now retracted his statement. I love this part: Source: SmartMoney.com >>(He is refering to the Greenspan testimony this morning) ``This is horrible testimony that pours cold water on the notion of an intermeeting rate cut,'' Angell wrote to clients. He accused Greenspan of being complacent despite weakness in the stock market and deteriorating economic fundamentals, but said he still sees at least a half-point cut on March 20.<<

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