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To: Cal Gary who wrote (6238)	12/20/2000 12:57:14 AM
From: Cal Gary	Respond to of 14101

OT Right on que! OT Many pro EW are predicting bottoms on many equity and index charts to come in early January 2001. Based on this info, I am concluding that Greenspan maybe a non event tomorrow. No Santa Claus rally this year, and perhaps a delayed January effect (similar to 1999/2000). But we'll see. reuters.com "Fed Warns Economy May Be Slowing Too Fast Last updated: 20 Dec 2000 05:37 GMT (Reuters) By Caren Bohan WASHINGTON (Reuters) - Federal Reserve policymakers kept interest rates steady but warned the economy may be slowing too abruptly, signaling they could cut rates early in the new year. Feeding on negative economic sentiment and disappointment that the Fed did not deliver a rate cut, stock markets tumbled with the Nasdaq falling to its lowest point this year. Highlighting how swiftly the economic mood has soured, the policy-setting Federal Open Market Committee staged a dramatic shift Tuesday from its 11-month-old position that inflation posed the main risk to the record U.S. expansion. The FOMC will gather again on Jan. 30-31 and many analysts said there was a good chance it could trim rates then -- or, if the interim economic data were worrisome enough, it could take the unusual step of cutting rates in between meetings. " ... more