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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (39166)12/23/2000 8:28:51 AM
From: Poet  Respond to of 42787
 
Thank you, Lee for another well-reasoned post. Your points about the "squishy" nature of the rise yesterday, as well as the possible negative effects of a potential rate cut on the strength of the dollar, are very important. I'm willing to trade the NDX long for a bit here, but am using the rise in the Dow to establish some shorts and to add to my gold calls.



To: Lee Lichterman III who wrote (39166)12/23/2000 10:07:18 AM
From: KM  Read Replies (1) | Respond to of 42787
 
Well, FWIW, Don Hays has gone bullish. Now THAT's news:

Message 15072745

I've got a whole kennel of barking canines ready to run with the herd <G>



To: Lee Lichterman III who wrote (39166)12/23/2000 11:22:57 AM
From: Yaacov  Read Replies (2) | Respond to of 42787
 
Third, today's rally was not a healthy rally""

Today was a thin whipsaw and short covering rally. I expect to see substantial down side in the next couple weeks."

100% agreed, this rally was not news driven, but it was driven by belief that the worst is behind us and the rate cuts lie ahead. When the rates go down the stocks go up! If the Feds cut the rates in Jan. then this market is has one way to go, up! It has already discounted all the bad news! Everybody has warned, and Feds will cut! My fear is what if they don't?