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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (340)4/19/2001 2:07:40 PM
From: AllansAlias  Read Replies (2) of 209892
 
Can't see why anybody would have made that play, but I'm sure you are right. Those prior cuts came in a falling market. This cut came in the middle of a momo market -- very smart if one (i.e., the Fed) is trying to make a bottom stick. Might work, but I have serious doubts still.
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