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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: mitch-c who wrote (41830)	1/31/2001 6:58:43 PM
From: mitch-c	Read Replies (1) \| Respond to of 70976

Further thoughts, since it looks like a slow-post afternoon ... What we're seeing is not really stasis, but a dynamic equilibrium among several tug-of-war forces - some bullish (Fed climate, tax cut expectations, etc.); some bearish (warning, cyclicity, etc.); and some actually neutral. I think this is the what's behind the TA concept of breaking out of a channel ... a small differential in HUGE opposing forces causes swift motion. It's axiomatic not to fight the Fed ... but what if the Fed is behind the power curve, as the 100 basis point January move indicates? <edit - 50 points at the beginning, 50 at the end> Given the data so far, I'll agree with Jacob Snyder ... I suspect we're headed to the mid-to-low 40's before we head up. However, as a long-termer, I can accept and tolerate that (as I have over the last year), when the risk of selling out is missing the next updraft. -Mitch