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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: I. N. Vester who wrote (8853)12/11/2000 3:10:10 PM
From: Zeev Hed  Respond to of 30051
 
The turnips had factored in whispers of a rate cut between here and the 19 and thus had this period as a rally terminating around the 19th, since they assume no cut will come, only a change in stance. The retracement from the 19th to just after Christmas is supposed to be "mild " because of seasonal factors and resumption of the rally into mid January are also seasonal. The election fiasco is throwing a monkey wrench into the equations, however.

Zeev