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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (46554)	7/20/2002 4:58:56 PM
From: David Zgodzinski	Read Replies (1) of 209892

a rally off some kind of a bottom will happen eventually and with the acceleration of bearishness, the coming week seems like a reasonable time to start. full moon and all. but i wonder what they're going to use for fuel. The rally off the September lows was fueled by yet another interest rate drop. The Fed has done this sort of turnaround on a number of occasions. I wonder what they're going use to turn it around this time. Last week a friend told me that his mother in the Czech Republic was telling him that the dollar is going to crap out. It's tempting to think that might be a bottom indicator, but currency trends are hard to change once they get started. So I don't know what the silver bullet will be. I know in purely technical terms it doesn't matter, but I think they're going to have to use something. I don't think just lower prices will be enough for more than a short term bounce. And if they do turn it around, which seems likely, and as you say there's another downleg after this rally fades, assuming the disease is still present even though the patient felt better for awhile, then they will be facing some serious problems the next time.

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