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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Tom Byron who wrote (9354)	5/14/2000 6:50:00 PM
From: Hawkmoon	Respond to of 81758

i do believe we are in for an interesting week in the markets... I definitely concur. But I'm actually factoring in the fact that the Nasdaq will head toward the October, 1999 lows before rebounding. But the Nasdaq put in a hammer formation on the daily charts, which if past experience is any indication, suggests that we're in for a decent rally from here: siliconinvestor.com On the other hand, the XAU is showing a spinning top, or indecision, as to the direction it wants to head. siliconinvestor.com The whole direction of the market depends on the psychology we see on Tuesday. It is how the market perceives what the Fed does and which argument wins over investors and institutions (who are sitting on the sidelines). Some could say that a 1/2 point is evidence that the Fed is behind the curve on inflation on one hand, while others may say that a 1/2 is just the pre-emptive medicine needed to prevent a lingering future of hikes until just before the election. On the other hand, if the Fed on votes for a 1/4 hike, some may say the Fed is being soft on inflation (or trying not to cause further disruption to foreign currency markets), while others may say that that the Fed acted this way because they realize that inflation is not as grievous a problem as everyone thinks. I find myself in the last camp, but obviously the market will decide what it wants to decide and we'll all have to adjust accordingly. And I would be happy to pick up stocks on the cheap in a panic sell-up. If at least just to catch the bounce as the buying surges in. Regards, Ron