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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (22342)	7/28/1999 12:04:00 PM
From: drsvelte	Respond to of 69981

Following the Greenspan Pendulum By James J. Cramer 7/28/99 11:38 AM ET Do I detect a nicer, gentler Greenspan? That's what the market seems to be saying, and he certainly has done his best today to give us a sense that the world is not ending. For us that means we can buy some banks that are down and maybe some of the beaten-up cyclicals. Greenspan is like a pendulum. He definitely did swing too far last week on the need to be vigilant. Now he is talking about how tax cuts aren't bad and how productivity can see our way through this. I see tomorrow's headlines: Greenspan relents. I want to be a little longer ahead of those headlines. Needless to say, tech is working. And what was that, a clean-up print for AOL (AOL:NYSE) (where everybody who wants out has gotten out)? As I write, even Greenspan is endorsing the tech run. Greenspan taketh away and then giveth. Man, is he powerful.