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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (5926)	1/4/2001 11:17:23 PM
From: Blue On Black	Respond to of 19219

bobby...if I can be so familiar..., I understand that. I was there. Just a lurker with no TA experience with a degree of respect for JT and the thread and yourself. But I fail to see any....any...degree of confidence amongst traders...read liquidity - regardless of AG. Seriously, just trying to understand....and see what y'all see.... I just see panic.....back-to-back cuts??? lee

To: bobby beara who wrote (5926)	1/4/2001 11:35:16 PM
From: Druss	Read Replies (1) \| Respond to of 19219

Bobby--I have been swapping PM's with friends all day today. They are some sharp traders, investors, and all round market people. We are coming up with the same thing Grievous Angel is. Earnings are coming in bad, that may not change for a while, energy stuff is literally killing companies, and politically things are grim. I think Greenspan blew it personally. Other forces hit the market and he has no say about them. He may end up talking about irrational pessimism before this is over. He set out to ream the market when bad earnings and soaring energy prices hit. Well he reamed it. Now he wants some damage control, he stepped in early and he stepped in with a .50 reduction. I view that as saying he miscalculated. I am going to be trading in and out now. No long term holds except in some very select stocks. All the Best Druss