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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: jmanvegas who wrote (26183)	12/20/2000 8:57:57 AM
From: Jim Willie CB	Respond to of 65232

JMan, thanks for your view I think each Naz rally will be weak every third rally will be stronger short the Naz when the downtrend upper boundary approached that upper boundary is now somewhere around 2770-2800 gonna be hard to get that high each time Naz will continue to descend UNTIL THE FIRST RATE CUT not before, not on expectation of interim hike earnings declines yr/yr are next, not deceleration and the waves starting in January will be unrelenting an interim hikes comes only in response to panic NOT to prevent a panic I think 2000-2200 will be the lows in a panic, I think 1850-1900 sometime in midJanuary when panic sets in / jim