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Strategies & Market Trends : Classic TA Workplace
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To: patron_anejo_por_favor who wrote (50245)8/15/2002 9:05:53 PM
From: UnBelievable  Read Replies (2) of 209892
 
We Be In Deep Do Do

Especially since the Fed is out of rate cuts and the government is already running at a significant deficit.

But I was as surprised at how quickly the SP00 man fixed up the mess they caused.

There is really a lot of resources going into managing the markets. I have a spread sheet program the shows PREM and the comparable number for DJX and NDX which I display in Green when they are over the program buy value, and Red when they are under the program sell value.

I did not have to look at the charts to see if the market was going up or down. When that Green came on it meant that the market had tried to go down. (Which was what happened whenever the green was not on).

I guess the Fed has concluded that since, as they indicated in the statement yesterday, the recovery has been slow because of the poor performance of the market, that by making the market stronger they will be able to improve the recovery.
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