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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: gfs_1999 who wrote (61064)10/20/2000 11:16:26 AM
From: Techplayer  Respond to of 99985
 
gfs, I will! I did buy in this morning when the nasdaq was red, mostly between 9:54 and 10:08. I am up on all but MRVC so far (down .31/share at this point...).

This is an excerpt from an eamil that I get...I did not know that Greenspan was speaking yesterday.

"Fed Chairman Greenspan disagrees on inflation

Thursday morning the man who has been credited for his outstanding performance for
the past 12 years suggested that inflation on the energy front is under control. We also
pointed out that one of the Federal Reserve Governors raising concerns about
inflationary pressures building and mainly rising oil prices contributing to higher prices.
However, traders focused more on Chairman's comments and translated into favorable
outlook for the near future. Thursday long bond finished the session higher by 8 ticks or
1/4 point."

tp
.