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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (6991)	7/12/2001 4:31:52 PM
From: JRI	Read Replies (1) of 209892

Shack.....one thought of caution....I think the Fed is scared shiteless about Argentina.....Heinz noted that the last 4 day pump was the LARGEST in HISTORY (hopefully, I'm not getting that wrong)..regardless, it was HUGE....and no doubt, related to Argentina... So, yeah, I think this rally is totally bogus....but if the banks know the Fed is going to pump big-time short-term (apparently Argentina on-track to run out of money by end of month), are they going to go nutz long (like '98, '99)...I dunno... would welcome debate from anyone..

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