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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: CrayUSA who wrote (23253)	12/13/2000 12:01:23 AM
From: hjz	Respond to of 24256

I think you are right, the FOMC meeting is the key for any year end rally. If they come in with an indication of interest rate cuts for the future than the market will rally strong until the end of the year. I don't think just changing to a neutral stance is enough, the FOMC needs to tips it's hand about interest rate cuts then the market will respond positively. HJ

To: CrayUSA who wrote (23253)	12/13/2000 12:48:39 AM
From: hjz	Respond to of 24256

Last check for the night, NASDAQ futures + 90, I hope that the traders here aren't short in the market but I think most of the good traders closed out shorts in case a decision was announced after market hours. That was the smart thing to do and I think most traders on this thread were intelligent enough to do that. HJ

To: CrayUSA who wrote (23253)	12/13/2000 12:36:58 PM
From: KevinMark	Read Replies (1) \| Respond to of 24256

Cray, regardless of the scenario, we are in a short-term bullish trend that indicates we will continue to go higher till late February, based on my research. However, I also think we will see some buying up to the meeting, and as usual we'll sell off the day after the meeting after a morning uptick, just as you indicated, unless the FED lowers rates, which is highly unlikely. As far as targets for the Nasdaq, I think we possibly may see around 3700-3800 by late February, then it's likely we will start another bearish trend entering into tax selling season, March and April. Therefore investors should be buying the retracements now. KM