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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (9396)8/16/2001 11:51:35 AM
From: Bucky Katt  Read Replies (1) of 13094
 
Jim, not real bloody yet, no real pain that I can see, just drift-less action until Greenspan speaks his piece next week, which no one will understand anyway.
I feel the FED has screwed up on a massive scale, just a few years ago the FED & IMF pumped close to $200 billion into the Long Term Capital debacle & the Russian, Thailand, etc. currency problems. Then pumped in more for the Y2k non-event..Alan & co's magic wand is getting pretty short.
In grade school I was taught that one of the differences between communism & capitalism is the communist system will not allow failure. Think about that??

Where oh where did all that paper creation go? I think we will find out, as they create more.

Keep an eye on OLN, DOW, DD & GLK for signs of real rebound.
It has to start with the basics.
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