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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (10700)1/31/2001 1:48:25 PM
From: captain_midnite  Read Replies (1) | Respond to of 30051
 
Fed watch, yawn!...and this stuff put out about a 75bp cut. Something tells me just another way for the houses to say "See, only 50bp, we needed 75, time to sell again"...no way I see it happening, and would be very concerned if they did it, to me it would signal really serious trouble out there.

COMPX finding a bit of resistance at a trend line around 2866. That seems to be right at a 1/2 retrace from the lows of 2250 or so. The Dow (what is that? hahaha) lurching toward that elusive 11k level...

Just grumbling...
midnite