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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Nick who wrote (30655)2/7/2001 2:37:23 PM
From: DiB  Respond to of 65232
 
IMO it will be a victory for the bulls if we close less than 60 down...



To: Nick who wrote (30655)2/7/2001 3:03:04 PM
From: djia101362  Respond to of 65232
 
Nick, I hope you're correct. I was sure the run we had in January was the beginning of the new bull.

The "never fight the Fed" adage came true once again, when the Fed starting raising rates aggressively 2 years ago. It may have taken longer than expected, but when it did happen, it wasn't pretty.

I'm hoping it will come true again in the opposite direction. Maybe it will follow the downtrend in a mirror-like fashion and take longer to turn around, but once it gets going, there will be no stopping it. I just hope I'm around to see it happen...this market is getting oh so frustrating.