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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: American Spirit who wrote (5170)4/5/2001 11:52:44 PM
From: adcpres  Read Replies (1) of 52237
 
AmericanSpirit: "But remember two rate cuts are likely between now and May 15 "

Don't count on it. The FED is not going to make a habit of intra meeting rate reductions. See what we get for numbers tomorrow. There are still land mines lying out there. One euphoric day does not make a trend or guarantee a bottom is set. Dell's news was not significantly positive -- they just said they expect to meet projections which is positive for them given that others keep revising downward. This market is so starved for good news it will rally on anything non-depressing. The market moved exactly as expected today. GH

[[Tomorrow I see the NAZ open slightly positive then a sharp dive, recovery, flat for awhile, with a gradual sell off into the close.]] <gg>
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