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To: Ex-INTCfan who wrote (176)5/11/2000 9:54:00 AM
From: Poet  Read Replies (1) | Respond to of 10876
 
Hi INTC fan,

Yes, I agree, little bits of news that reflect the slowing of the economy, without agressive intervention by the FOMC, are just what we need.

I've been watching the market closely since the open. I'm hoping this fadeback to +18 is a bit of a headfake before we head higher.



To: Ex-INTCfan who wrote (176)5/11/2000 9:56:00 AM
From: snowbird  Respond to of 10876
 
I don't know dude.

There was an economist (very dry) on the box this AM saying this number is but a brief relief in a very strong uptrend in retail sales. He said people needed to take a break from buying to find room to store all the stuff they have already bought (g).

I just feel their is such tremendous PRESSURE to buy out there. Everyone wants to get the next big jump on their fellows to grab the next perceived rally.

In this market with stocks jumping $5 and $10 almost instantly in premarket on any hint of a good number has me thinking that AG and his merry gang of bankers will not be impressed.

But then again I am really frustrated trying to figure this market out. Or, maybe I have figured it out and I am fighting with myself to accept my conclusions.

I picture the FED as a big old boa wrapped around this bull. Every now and again the bull kicks, but the snake just keeps slloooowwly tightening the grip.

snowbird