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


To: Venkie who wrote (19139)11/24/2000 10:21:54 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
Naz holding on thin day, all ballasts up
INTC,MSFT,CSCO,ORCL,IBM

personally, I expect a reflex Naz bounce rally toward 3200-3300
the 18dayMA of 3100 might get passed thru
the 30dayMA of 3250 might be a tough resistance wall
any rally would be pushed nicely if that loser Gore admits he lost

with the next FedMeeting scheduled on Dec19th, I expect a nervous retest of Naz lows after any bounce rally
I am NOT confident that Greenspan will get ahead of the curve
the Reserve Board's insistance on looking at Phillips Curves is sad
in the late 1990's Phillips called for inflation to jump up sharply when unemployment went below 5%
right!!!
they still expect inflation to follow labor
it doesnt, it follows productivity
and the Fed's policy is slowly dismantling productivity

they probably take food in their asses, and defecate out their mouths

/ jim