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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (7809)	8/17/1999 6:43:00 AM
From: Sam	Read Replies (1) \| Respond to of 15132

You are right, Zweig did focus on reserve requirements and free reserves, and I began looking at them when I read an article that he did on them. However, we should note that when the fed really wants to be restrictive, free reserves go to negative. The latest dip is just a tap on the brakes, they have gone from over a thousand down into the 600s, which isn't really "low" yet, just lower. If they go down into 200 or 300s for several weeks running, I would get pretty concerned, and depending on other indicators, sell in earnest.