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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Steve Grabczyk who wrote (14729)	2/4/2001 2:35:42 AM
From: Todd Reichardt	Read Replies (1) \| Respond to of 18928

Hi Steve, and thanks for the welcome! I interpreted the action after the rate cut differently. After the cut on Wednesday there was some initial whipsawing after which the market sold off rather convincingly. Thursday had the late day rally, but absolutely no follow through on Friday. Seemed like too much selling to be manipulation. I could be wrong, but I think the market direction is down for the near future. Hey, but differences in opinions and methods is what makes a market, right? Todd