MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.70

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4:00 PM EST

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To: HairBall who started this subject	6/27/2001 2:18:55 PM
From: t2	Read Replies (2) of 99985

Perfect 25bps rate cut!! Should be good for the market once this market sorts it self out...hopefully today but not later than tomorrow, imho. Initial reaction to the cut seems to be down and that is a good sign. I did not want 50bps. That meant more worries about the economy..contrary to what Kudlow (cnbc) noted. 25bps showed more confidence in the economy and a recovery. In the meantime, lots of volatility for trading opportunities! BTW--reality is that there were 2 camps of traders for the bullish case..some wanted 25bps and some wanted 50bps. That basically meant it was going to be a non-event for a change..... It now looks like it is a non-event!

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