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

To: macavity who wrote (6312)	1/26/2001 11:57:08 AM
From: Louis V. Lambrecht	Respond to of 19219

mac - I too am an alien. Better ask to the natives. ROFL. Dunno, IMHO the shortest available treasury bill. I use the cash index IRX , not the futures ($IRX, ^IRX, IRX.X... depending on the quore service). Fed Funds interest ( futures ticker FF) is the real short term interest. I don't know either what our American friends are talking about.

To: macavity who wrote (6312)	1/27/2001 4:19:53 AM
From: macavity	Respond to of 19219

Fed Funds. Aaron Task @ TSC says that FedFunds are priced at 96.00% probability of a 50 bp cut. >> Indeed, at week's end the Fed funds futures contract was pricing in a 96% possibility of a 50-basis-point ease at the FOMC's Jan. 30-31 gathering, despite a stronger-than-expected durable goods report on Friday. Economists at all 25 primary bond dealers are now expecting the same. >> I would say that it is priced in . If the market (or leading indices like the BKX) remain at o/bought in the short-term like this then I would say that the path of least resistance is down. - macavity