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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject3/23/2001 1:36:57 AM
From: Merlo   of 37746
 
Hello,
just a lurker, Great action today but will it last? I read somewhere the 1929 bear market retraced almost 58% before reaching its maximum downward spiral.
I feel uneasy about this rally. As they say don't fight the Fed. The tech trend appears still down but up side volume is increasing. The Fed is adding liquidity, with perhaps another 1/2% point cut plus another 1/2% in May. A rumor of a sudden cut would be enough for a big rally.
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