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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: gizmo&jack who wrote (102425)5/3/2000 4:04:00 PM
From: Rock_nj  Respond to of 108040
 
I agree with your assessment. Tough sledding ahead. The late rally today looked like a short covering rally. CPI is coming out on the same day as the fed meeting 5/16. Careful, 5/16 could be an ugly day if CPI and Greeny don't cooperate.



To: gizmo&jack who wrote (102425)5/3/2000 4:10:00 PM
From: If only I'd held  Read Replies (1) | Respond to of 108040
 
Upside in May??? I turn 33 this month....that's upside. Just not the kind I want...<gg> Please, please everyone...send my birthday presents via UPS.....last year when you all sent them, the ones that came Fed Ex were slightly damaged, and some of the home-made cookies I received via FedX were a little stale. I ate them anyway.

Actually, if anyone would like to avoid the shipping costs of sending me my birthday presents this year, feel free to just give me a stock trading at 1 that will go to 100 by the end of the year. That's all I really need. But cookies are good too.



To: gizmo&jack who wrote (102425)5/3/2000 4:10:00 PM
From: John F.  Respond to of 108040
 
Sound reasoning g&j. West, do you agree with this line of thinking?
Is this how you expect things to play out? How about you Stan?



To: gizmo&jack who wrote (102425)5/3/2000 6:57:00 PM
From: hoffy  Respond to of 108040
 
>>>Buyers can't keep coming in on weakness forever. Can't believe anyone still has the balls to do this. With non-farm payrolls coming out Friday, you can expect a significant selloff tomorrow afternoon. And when the number comes in strong which is likely too, do not expect a rebound Friday. Then comes the week before the Fed meeting where uncertainty is likely to cause another downward drift. And if the Fed increases by 25 bp, we'll still be plagued by uncertainty, but a 50 bp increase will generate fear. I don't see much upside for the month of May any way you slice it. <<<

I agree 100%. And I know a lot of people who are thinking the same thing. That's the exact reason why I am expecting a nice rally when the next two weeks are over.



To: gizmo&jack who wrote (102425)5/3/2000 11:55:00 PM
From: westpacific  Respond to of 108040
 
G & J right on the money - this afternoon was short covering rally and small guys buying the dip. Won't hold, Friday is critical, FOMC a week or so later and also talk of an intra rate hike possibility circulating on the trading floors. No matter how you look at it, there is no way a trader would go long at this point in the game.