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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: j g cordes who wrote (33019)	6/22/2001 4:19:21 PM
From: Johnny Canuck	Read Replies (1) of 70309

Hi Jim, The last two years the narkets have tanked in the second week of July, I don't see a reason for a change now. Given that next Q is traditionally week due to the national holidays in Europe, who can blame traders from exiting and enjoying their summer. Most of the strength in sales has been international, without that push next Q will look pretty enemic. On the papers, it was only two week ago they were talking about the need to raise rates later in the years to cap the new inflationary spiral. The Fed has not really be a good predictory of the market direction the last little while, so I don't put much faith in these reports now. It does give you some insight into their new term interest rate policy leanings though. Have a good weekend everyone. I am done for the week. Any guesses on whether the rate decrease is 1/4 or 1/2?

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