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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (23421)	11/30/2001 8:49:18 PM
From: Paul Shread	Read Replies (2) of 209892

Absolutely, Shack, and INDU too. Rally appears to be weakening. 60-min. stochs are overbought and pointing down, so I'm not sure about the near-term upside either. ;-) Monday has some potential as a cycle turn date. I understand that one thing that riled the market earlier this week was a suggestion from Laurence Meyer that rate cuts may not work as well as they have in the past. That may sound like a big duh, but coming from a Fed governor, that's a pretty remarkable admission. Meyer has been surprisingly flexible this year for an old hawk. Of course, AG strongly stated the opposite today...

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