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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: eichler who wrote (65728)	1/3/2001 4:00:22 PM
From: KevinMark	Read Replies (1) \| Respond to of 99985

I think we will revisit, but whether or not we will break is arguable. A big % of the market is psychology. Today's action by the FED, and the volume, goes a long way towards repairing that psyche. KM

To: eichler who wrote (65728)	1/3/2001 4:36:56 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 99985

eichler, I was wondering if Hahn have any trend changes for today...? Or if he had any trend changes due around this area of the Fed rate cut...? If He..., did that would be spectacular. Thanks, Chip

To: eichler who wrote (65728)	1/3/2001 6:45:42 PM
From: Mike M	Read Replies (1) \| Respond to of 99985

I just wonder, why NOW a bottom? Because the Fed lowered? That's it? End of story? Geeez, is it really that simple???? No one can convince me that it wasn't a 10 month inverted yield curve that got this market in trouble in the first place....OK....a grossly overvalued market helped...But I've never seen a market overcome IYCs and this was the first big step to rectify that... Also, we were within spitting distance of the bottom of the NAZ Bull channel. So, why not now?