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To: candide- who wrote (19123)5/17/2000 9:47:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
I side with headfake here wednesday morning
may be longer than 20 minutes like yday afternoon's

like waking up next to a woman weighing 10 more lbs than she did the day before
you rush to the bathroom, wondering with raised brow in the mirror
then a gut check before going back for more

from technical perspective, Naz rose 100+ pts yday
so if we give back 40 pts right away, just a 3/8 retrace
then we regroup, figure out which way to daylight, and move

European markets are a bit spooked
I believe they feel "not in control" of their fates
the US dictates not only stock trends but bond trends
they know they must raise rates or risk their currency falter

technologically, the US dictates computer usage trends
wait until we dictate wireless trends
to Europe: EAT MY SHORTS, and get rid of your stupid socialism

those 50bpts hurt valuations
recent hikes kill one quarter's worth of earnings growth
as simple as that

/ JW