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 (86213)	3/27/2001 4:56:26 PM
From: UnBelievable	Read Replies (1) of 436258

Doesn't The Improvement In Consumer Confidence Mean Less Rate Cuts Almost no chance of inter-meeting cuts, increase of possibility of .25 at the next meeting. Certainly had consumer confidence been down, the rumors of quick .75 rate cuts would have started. I must have missed the headlines about forget about more big rate cuts. Isn't that the way the bond market read it? This rally seemed really strange. It seemed like it was all effort was focused on not letting SOX get more red during the day and quite cute the way it closed green. INTC up 3.8% today (almost 20% in the last 5 days) and the $SOX only up .6%. What would it have looked at if INTC was flat? INTC begins to see significant resistance at 28 3/4. $NDX up 3.3$ with $COMPX up only 2.5% Lots of intraday futures jam jobs at key S/R points. Feels like a cycle high to me, one that was artificially stimulated, and had that not been the case yesterday would have been the cycle high. Futures don't seem happy about something.

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