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To: GROUND ZERO™ who wrote (31719)6/5/2000 8:42:00 PM
From: Chip McVickar  Respond to of 50167
 
GZ,

I don't disagree with you on this position. The Fed may be way to hawkish on their stand against incipient inflation and actually produce a recession and the bad news needed for lower markets. Any serious slowdown to this economy will knock a lot of wind out of the sails..... even the jenny won't be able to move them along.

But with any more good news coming from this weeks economic reports this should give us higher prices for a little longer.

To me the Index charts look like they're on the boarder line..., especially the 60 min charts and that of GE's....!
With any moderately positive news tomorrow and later this week and another spurt is a given.

Chip



To: GROUND ZERO™ who wrote (31719)6/6/2000 9:07:00 AM
From: Shtirlitz  Read Replies (2) | Respond to of 50167
 
Dollar keeps sliding. It just broke through 107. An interesting situation may develop.
If it closes at these or lower levels this week, the nasty bearish MACD crossover will emerge on the weekly charts.