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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (7869)	2/12/2001 12:28:40 PM
From: James Strauss	Read Replies (2) \| Respond to of 13094

William: You're right about the short term nature of hit and run profit taking... That's what is usually seen when there is a lot of uncertainty... The next rate cut should begin to have a more positive effect on the market... Most people are expecting a 1/4 point cut... A 1/2 point cut could send us off to the races... A 1/4 point cut keeps us in the bottoming process with a slight positive bias... There are still hundreds of thousands of people out of work who were working six months ago... So, until those people are working again there will be a depressing effect on the economy... The key will be how soon they are back to work... Jim