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

To: Haim R. Branisteanu who wrote (64687)	12/19/2000 4:31:28 PM
From: thestockrider	Read Replies (2) \| Respond to of 99985

RE: Repos. Can anyone tell me what the range of numbers in these reports indicate? What magnitude of number means the Fed is adding liquidity? search.news.yahoo.com -thestockrider

To: Haim R. Branisteanu who wrote (64687)	12/19/2000 5:12:40 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 99985

Ya I've been watching repos; and the fed is adding liquid and I thought today would turn up, until I saw the damage being done to MSFT and CSCO. There seems to be more wrong with the market than I'v seen. Apparently foreign investors are under enough pressure that it's causing them to pull out. They don't need a safe heaven if they are going broke, and a fed rate cut won't help them any. With the damage done now I think any rally we get is just going to be sold into. Until there is no so called safe stocks left to run to the market will keep trending down. The last rate cuts didn't stop the fall on a dime it was only "after" about the 3rd cut and the dollar dropped 10% that the market bottomed in 98.. Actually the Value Line never recovered from that sell off and while I thought it was basing at 400 and said if it broke that we were in deep shit I didn't want to believe myself.. ------------------- I think a lot of pension funds are likely in deep trouble ( that kind of news never gets released to the public until it's to late ) ------------------- MSFT should have strong support at 40 .. below that and this market is dead meat, & we will start hearing about pension funds that can't make their pay outs. Any Tax cut BUSH does will be met with increased State and local Taxes. Some day people will realize that 6 rate hikes in a row at the same time high oil was taxing every thing was over kill. ------------------ I wanted Clinton to act a long time ago to the price of oil, and I don't mean just releasing reserves, you don't do that without a plan and dropping speed limits back to the 55 like we did once before. I would also have had a "gas" ration plan as a backup just like we were in a war, but he was so elated with what looked so good he didn't want to step on any toes. Going forward without any type of emergency energy plan in the wings was and is really stupid. But all the States as well as the Federal Gov is so hung up on generating Taxes on the gas sold that I doubt any one could get any where with what I had in mind so I never mentioned it. Jim