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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (41548)6/23/2000 6:36:00 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 63513
 
I feel real good here. I think we needed to fall back before the fomc for a couple reasons.

1) We needed rally room. We couldn't rally back to 5k. The sentiment isn't there nor are or were the fundamentals to justify that level. (thank you god for allowing us to go there anyhow)

2) If we rally in the face of the fed they may just do the unexpected. The market matters and impacts the economy at this point thus it must be factored in to any fed decision.