Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Davy Crockett who wrote (1222)	3/17/2001 1:38:24 PM
From: Shaw	Read Replies (1) of 5144

He's never done a 3/4 either I think. That'd be a record. If he moves 1% I think we would see a rally we havent seen since the intra-meeting cut in January. Might last two days, but it would be fantastic, imo. My reasoning: No one expects him to be ahead of the curve. Every fund manager and retail investor is crying for the Fed to get ahead of the curve and give the market confidence. They won't disappoint, imo and they will be buying with both hands. Everyone is looking for a reason to go long. That would be the catalyst to do it. I bought a couple calls last week because of the VIX, P/C's and a belief that he will go 0.75 (as well, I have a habit of going long calls or puts when no one wants them <g>). The more the market is down before a 0.75 cut, the more it will rally, imo. Well, Im on record for that. You can all have a laugh at me on Tuesday afternoon when he goes 0.50, says "there's no problem, the Fed can't do a thing more" and the market resumes it's ugly tank to 9K and 1,700 respectively.

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