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To: GROUND ZERO™ who wrote (2122)	12/19/2000 6:35:16 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 4583

I agree. If it gets too ugly and we get some friendly economic data, he may cut between meetings so he doesn't look like he is trying to help out the new President at the January meeting. However if the employment data stays tight, energy doesn't drop and credit doesn't start getting better, then he may just wait. The NASDAQ is dropping hard but that is where most of the gambling took place over the last 2 years and looking at the DOW and SPX, it isn't really that bad. We are basically flat which is perfect for letting earnings have time to stabilize and PEs to contract some as the real winners are seperated from the chaff. FWIW, I was looking for an up day too and had some QQQs that I had to jettison near the close when things started getting ugly. That trade was based on TA though and in no way was a FA or rational play. <ggg> Good Luck, Lee

To: GROUND ZERO™ who wrote (2122)	12/19/2000 10:27:46 PM
From: robert b furman	Read Replies (1) \| Respond to of 4583

Hi Gz, I still say the feds action is long term positive.This could still be just a head fake: Naz is the weakest but still holding a divergence on Time segmented Volume and macd - lost its divergence on moneystream. Looking stronger is the S&P 500 - still good to go Best of all sml--x S&P small cap 600 looking good. We may be rotating into a small cap rally that will be a stealth rally as all past big cap flyers ( in weak hands ) bottom out and go into longer term reaccumulation. siliconinvestor.com Bob