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Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (171)	1/4/2000 1:34:00 PM
From: James Strauss	Respond to of 1404

Bernard: I'm in complete agreement concerning a correction... When Y2k money held on the sidelines didn't come flooding back into the market, it gave us a warning that something that was supposed to happen didn't happen... Jim

To: Jibacoa who wrote (171)	1/5/2000 2:21:00 PM
From: Bosco	Read Replies (1) \| Respond to of 1404

G'day all - hi Bernard, while you are right about the general theory, A/D line has been sabotaged by the narrowness of the market in the past 2 years. Still, the broad base decline of yesterday should not be taken lightly. Today is a different picture [still too early to tell,] NYSE actually churns out decent [all things relative] indicators, except for the new lo vs hi. My guess is people are doing the rotation thing, with an excuse to take profit from the hi flyers. The two stock positions I added yesterday, ALN and SYMM, are hanging in there. Today, I ve continued to move cash into some of my MF positions [which I intend to hold forever!] But I see volatility, with a negative bias, maybe, continues until Feb 2. Since 25 basis points are expected, I think the only factor is the "neutral bias" vs "tightening bias." Some people have advanced the possibility of a 50 basis points. I think only outright bears can take that view, without the force of history to back them up [Mr Greenspan has never done such drastic things; besides, hard to see if the current [global] economic circumstance supports such a shock to the system best, Bosco [followed you here from Message 12464653]