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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (31924)6/19/2000 12:36:00 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 50167
 
Hi Jerry,

If the NAZ holds these levels until 1:30 pm, that's just another 60 minutes from now (and anything could happen between now and then), we may see the mother of all rallies this afternoon.....

GZ



To: Jerry Olson who wrote (31924)6/19/2000 1:00:00 PM
From: SpecialK  Read Replies (2) | Respond to of 50167
 
As Usual? Buying may come after FOMC, as there is some uncertainty of the Fed's actions. Buying may come early.
Oracle earnings tomorrow after the close will push us higher I believe.

The Nasdaq chart looks strong and basing. The Dow looks directionless and actually has been basing for over a year now. Couple earnings, the FOMC meeting, and the holiday weekend, and they all point to a higher direction. Until then, there are warnings, more economic data, worries.
If we climb the wall of worry on the Nasdaq, it will reassert its leadership and drive the markets and the DOW higher.

Big IF.

So what is at 1:30, mother of all rallies? why?