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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Nicole Bourgault who wrote (40193)	1/31/2001 12:17:20 PM
From: furrfu	Read Replies (2) \| Respond to of 56535

I agree. If we have a Fed rally, 3000 makes technical sense. If we have a Fed collapse, then 2690. It is the common sense aspect that I struggle with. 25 pts = Economy is slow, but needs a kick. 50 pts = Economy is just about stalled, this will get it going. 75 pts = Economy is in reverse, we are going into orderly panic mode. Which one would indicate a rally? Actually, I think I am starting to understand it. But as a novice trader, it is hard to understand today's rally on news that may have an effect in 6 months, as opposed to today's collapse based on news that is 3 months old (earnings reports). I'm working on it. Doug