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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (20090)	6/4/2000 5:16:00 PM
From: Ken W	Respond to of 29382

Sergio, Got to thinking about my last post re:enty into ESST. In order to be fair, will post the entry at tomorrow's open since the public part of the contest was not released here until the weekend. Regarding the rally of Fri. I could not agree with you more as to the cause and effect of the rally. It took two months for the market to finally react to the rate hikes by the FED. Four days of rally to place the market where it is now is just too fast. While the numbers of one month are to the positive side of what the FED is trying to accomplish IMO they are not long term indicitive of what the end of the year will look like. I think it will take at least 3 months of these kind of numbers for the FED to be happy with what is going on. As usual the euphoria of 2 to 4 days of buying will not roll the market over to the upside for the longer term. There will be some other new "worry" for the traders to focus on now that the past numbers are out and becoming memory as we speak. Ken