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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: OVETUS who wrote (36548)	1/31/2001 12:25:18 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

If we close at these levels today we are off to 1400 level in no time, if we break 1358, we go and test 1342 or even 1338, we may have this limit problem but I would not be panicked and would like to see a close above 1342 today whatever is the result from FED, if they cut less that also may turn into psoitive by tomorrow after it is not all that bad and if they cut 100 basis point even that can become negative is it so bad? so market think opposite, I think opposite and right now even with a 75 cut mine will cautious optimism for next two days and will try to see if it breaks 1358 to trade that 16 point range to 1342 and if it is .25 I will undoubtedly make a long trade at worst of times, soon the market will realise that after all FED does not think it is that bad.. convulated logic but that is very reason that a small investors gets crucified, think opposite and think differently in the market..