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To: The Ox who wrote (82130)	12/19/2000 7:31:43 PM
From: ItsAllCyclical	Respond to of 95453

NWX - AMEX networking index broke it's neckline today. 207.61.23.98 Still have another 25-30% to shave off which puts CSCO around 30. Still expensive, but probably an acceptable ST bottom for most. Michael H, I completely agree with what you said in your last post about AG. That's why I'm still very bearish on techs even at these depressed levels. Separate but related the XAU will probably break the it's downtrend channel tomorrow (or very soon) that it's been in for over a year. 207.61.23.98 Sorry to all for all these non-oil related posts, but we're entering a critial phase in the tech meltdown that may or may not spill over into our investments. The next 1-3 months will be VERY interesting. Trying to consider all possibilities.

To: The Ox who wrote (82130)	12/19/2000 7:32:52 PM
From: stevedhu	Read Replies (1) \| Respond to of 95453

Michael, for what it's worth NG is up .348 to $9.45 on a 30 Min. delay from the close. Take Care Steve

To: The Ox who wrote (82130)	12/19/2000 8:22:24 PM
From: Tommaso	Respond to of 95453

Those rate cuts were unwise intervention to prevent financial ruin to a number of well-known persons and institutions, including a Nobel laureate or two. And a New York bank and brokerage or two. Probably, from the Fed's point of view, they were forestalling the Credit Anstadt collapse that set off the crash of 1929 and the Great Depression. That Austrian Bank, in case I spelled it wrong. I think all they did was prolong and exaggerate a credit and speculative bubble.

To: The Ox who wrote (82130)	12/19/2000 8:58:15 PM
From: Bruce Robbins	Respond to of 95453

FWIW, I agree. I think AG and the FED want the market to correct. That would keep the printing press at the US Treasury a little less busy <g>. They were even using the word "recession" in the media today. Things must be really bad <g>.