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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: LBstocks who wrote (3244)	5/23/2000 12:36:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Excellent post, LB. I will print, read and mark it up with ideas and great interest. I caught a snipit of Galvin on CNBC. My line of thinking is the same in that post i made to marginmike before FOMC meeting I said 50 basis points in May, .25 in JUNE and WE ARE DONE. At most, an additional .25 in August but i just don't see it happening. Once market gets a whiff of this shift of talk will be EARNINGS, EARNINGS and EARNINGS. I think this will happen sooner, not later and that late may - June rally I called for will commence shortly. We got thru this tricky period I mentioned last Wednesday thru option expiration. Now if we get China trade Bill passed we will be off to races with momentum.. One caveat: If China vote fails another abrupt downdraft will commence...imho Will comment more on this tomorrow. Best Regards, J.T.