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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (10860)8/17/1999 8:44:00 AM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
July CPI + 0.3 pct. . . core rate + 0.2. . .SPOOS is ho hum on this report. . . which is "in line" with expectations. The ground hog has seen his shadow. . . meaning we should see one more week of low volume. . in anticipation of the Fed meeting on the 24th.

Just a typical August. . .summer doldrums. Personally, I believe that there will be no move of interest rates, but rather a change in bias on the 24th. And I don't believe Alan Greensperm will refrain from making a rate hike in October due to Y2K effects. . . he will raise, if he thinks it will help the economy, regardless of such effects.

So once again, we move higher at open, but for the umpteenth time. . . my eyes are on the VOLUME and not the indexes.

Rande Is