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

To: J.T. who wrote (5933)	1/5/2001 7:25:17 AM
From: UnBelievable	Respond to of 19219

``This is an amazing move by the Fed, for them to do this after hours is relatively shocking ... This guy is either ignorant concerning the matters about which he speaks or is intentionally trying to mislead. On Wednesday the Fed Funds rate was cut by 50 basis points and the discount rate was cut by 25 basis points, which was the maximum amount that it could be cut without a formal request from the member banks. In its announcement on Wednesday The Fed said it was ready to cut the discount rate by another 25 basis points if the member banks made such a request. The discount rate is almost always 50 basis points lower than the Fed Funds rate. On Thursday the formalities were completed and the 50 basis point differential was again in place. I think it would be clearly in the best interest of the market and the economy if analysts and the media started talking about the issues in an informed manner free of hype. But then again, I think a lot of things. <gg>

To: J.T. who wrote (5933)	1/5/2001 7:28:19 AM
From: marginmike	Respond to of 19219

JT is it possible that Rydex nubers are skewed by overall withdrawl's from Mutual funds? Last week 16 billion left mutual funds, and I sure Rydex traders took some $$ of the table too. The ratio's besides the MM number arnt that bearish, and MM figures can change very fast. I think today is make or break, and I think alot of traders will wait till Monday to re-assert their position. I agree Greenspan action is very dumfounding. I think it is a result of Nikei below 15K and energy crisis in CA. All we need now is a spark and we could really have a BK.

To: J.T. who wrote (5933)	1/5/2001 2:13:44 PM
From: High-Tech East	Respond to of 19219

J.T. ... ... status of my S&P 500 March 'puts ... I sold a second 'put' just now (sold the 1st one Tuesday) .. on the two I have sold, I am up 149% (so I did not do quite as well on the second one which brought the average down) ... ... I still own a 1365 and a 1340, which are a little on the plus side (the SPH1 - March contract is selling @ 1323.50 at the moment) ... ... so overall, I am guaranteed a 37.3% profit on what I invested, even if the 1365 and 1340 expire without any value ... so I will wait through at least part of earnings season to sell the last two ... I still think we are going lower (on a fundamental basis) ... Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions. Ken Wilson