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

To: Stcgg who wrote (64357)	12/15/2000 7:59:37 PM
From: High-Tech East	Read Replies (2) \| Respond to of 99985

<<The Fed cut rates by 75 basis points at the Oct98 low of 1357 after which the market rose 278% to the Mar00 top of 5132.. If we get 3 quarter pt cuts, I believe that would be enough to complete a Big wave 5 which would exceed the recent Nasdaq high>> ... maybe so, but in late 2002 or 2003 MAYBE ... are you serious ... I do not care if the FED 'drops their pants' next Tuesday, rate cuts of even a gross magnitude will not put off a recession of some substance in 2000-2001 ... theories, theories ... give us a break ... puleezeee ... ... read some business news when you are not looking at charts ... Ken Wilson

To: Stcgg who wrote (64357)	12/15/2000 8:05:00 PM
From: eichler	Read Replies (1) \| Respond to of 99985

I was wondering myself today why, if the fed would cut interest rates... I saw it postulated elsewhere the falling markets might induce easing. IMO Greenie would not make any move based on the market at all. Thinking of the media coverage lately, it's been alot of doom and gloom, even mention of the R word. Lot of talk of hard landing economy. Also, I believe the last I saw of holiday retail sales not so good, worse than last year. Earning warnings galore. In short, pretty gloomy. It strikes me that perhaps the perception of a bumpy landing for the economy might indeed be the reason why, if at all, the fed may begin easing. I have no strong opinion on the matter, just thinking out loud here. I do think the market would perk up however, especially if 25pt cut next week. Anything is possible.

To: Stcgg who wrote (64357)	12/15/2000 9:21:36 PM
From: LTK007	Read Replies (2) \| Respond to of 99985

stcgg, Elliot Wavers our on the line big time now---they have called 3500 in January,and new alltime highs in March---and i note to my question,is there a violation point where this call is cancelled? i am getting no response. a system without a "cancel call signal",is not a good system. so i ask the Elliot Wavers again,what is the counter signal. if i get no answer i will know no one on this thread actually intimately understands Elliot Wave,but are just mouthing newsletter copy.max