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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (41251)	6/21/2000 7:48:00 AM
From: Arik T.G.	Read Replies (2) \| Respond to of 44573

Will do, Patrick. And what do you think of the markets? I have started a countdown for the nth time. IMO "this one is real". No way the Naz can get back to it's high from March, and the NYSE is about to complete it's LT ending pattern. The market is acting sluggish. In the market of a year ago, same bullish pattern it had two weeks ago would have created a chain reaction of rallies. This time the follow through was limping. I guess we could still see 4200 but nothing over 4350, and the NYSE could still manage a marginal new high, but after EOQ window dressing is over there'll be no one to continue the anticipated summer rally. FOMC meeting is a non event. There are clear signs of slowing down so raising rates is playing with fire. So is lowering rates, as far as the stock market goes. 80% they'll leave it there with neutral bias. If AG wants to discourage the market all he can do is deliver a message of tightening bias, that's another 15%. Judging from his last speeches he currently has no such verbal intention. ATG