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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (9718)1/3/2001 2:18:37 PM
From: pompsander  Respond to of 30051
 
Watch the close today. Shorts will not sit, if they have not covered already.<g> Europe will explode on this news as well. Tons of cash ready to go to work from the pros and tax issues out of the way. After the selling into the rally eases in about and hour (vbg) we really get a chance to evaluate this.

You know, the message could not be plainer. Greenspan will not let this economy sink any lower if he has the power to do something about it. And, he does.....



To: Zeev Hed who wrote (9718)1/3/2001 2:21:37 PM
From: Bosco  Read Replies (1) | Respond to of 30051
 
Hi Zeev - NYSE tick was even stronger 1500+ at one point. However, how much of this tick bounce was due to indiscriminate short covering? And does it matter? TIA

best, Bosco



To: Zeev Hed who wrote (9718)1/3/2001 2:26:16 PM
From: orkrious  Read Replies (1) | Respond to of 30051
 
then I see resumption of the decline, but not a new low for a little while.

What's a little while?


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