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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Mannie who wrote (8105)10/15/2000 1:05:10 PM
From: Jim Willie CB  Respond to of 65232
 
NYSE with 161 new lows and only 19 new highs

this is a sign of a bottom
CNBC commentators act like thermometers, not barometers
once again

I believe we have several days for reflex rallying
a pause here and there along way will extend it over time
my eyes see a wall at Naz 3450-3550 where shorterm MA's lie in wait

remember last year?
healthy pullback one week prior to TGvg
could happen again this year

good news to hear 70% expect next Fed move to be a cut
but 70% of what group?
will be checking the FedFundsFutures contract

let's hope Europe doesnt slide into the shitcan
their gas pump prices and diesel fuel prices are twice ours
/ jim