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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (37197)	12/4/2000 2:34:34 PM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

My point, I guess, was that I really don't know, and was going to watch day-by-day for clues. I like what I see today: the Dow and S&P are negating breakdowns, and the COMPX has a low-volume retest with a higher low and much better new highs/new lows. The WSJ said the Fed may go neutral; maybe AG thinks the new economy nuts have suffered enough. Watch the Washington Post in the morning (John Berry is the Fed's mouthpiece of choice) and AG's speech tomorrow. This is all about the Fed: the market soared when AG opened the spigots during the Asian crisis and Y2K, and it tanked when he took that liquidity away and then some. If AG thinks the economy is headed for too much of a slowdown, he'll do something about it. Hopefully it will be before too much damage is done. I thought it was the single most outrageous thing I had ever heard - bar none - when people started to claim that the Fed would have no effect on the new economy stocks. I hope they have now realized otherwise. We're back at the Oct. 99 low, right about the point that the new economy fools made that declaration.