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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (44868)	1/8/2001 2:59:56 AM
From: ~digs	Read Replies (2) \| Respond to of 57584

Velo... regarding Federal rate cuts in 1929: Here is a chart that I ran across which helps to illustrate your point... services.elliottwave.com It is true that historically, the mantra of "don't fight the fed" has generally been a correct assertion. But, we mustn't forget that sometimes there are exceptions to what has become the 'conventional wisdom'. Whether or not this happens to be one of those times remains to be seen. I am watching the 2300 compx level (roughly the point at which Greenspan stepped in) with a very close eye. As was mentioned previously... Greenspan has spent his silver bullet. If the markets cannot hold that level then I personally believe there is significantly more downside. That said I think Rande is correct in saying that no one should 'hope' for fiercely bear market. The loss of liquidity would make for some very boring circumstances as compared to the recent past. JMHO

To: velociraptor_ who wrote (44868)	1/8/2001 6:59:28 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Velociraptor, let it not be said I wasn't open to the short-sellers opinions. You are always welcome to share your opinions here, as they are well presented, well supported and are your OWN views. Furthermore, you treat others with respect. So you will always be treated with respect here, regardless of whether your view is contrary to the many bulls we have at HOME. This welcome is rarely presented to bears, due to the desire to dominate, rather than discuss. . .which seems to run rampant in that species. It is refreshing to see a bear acting civilized. . . . Hey, wasn't there a cartoon about that very thing? "Hey look, Boo, a Pic-a-nic basket!" Rande Is