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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (1181)	2/23/2001 1:09:42 AM
From: ahhaha	Respond to of 24758

Incorrect, they acted just like the DOW components do now with the difference that the DOW hasn't started down with a crash. On the other hand the NAZ has acted much like the early '30s on an accelerated time table with last March like October '29. Since September significant flow has occurred into the DOW stocks, yet they are stalled. More and more money doesn't lead to higher price. The DOW is price elastic with respect to marginal demand. No point in exploring that direction. Time to explore the other one. There might just be inelasticity with respect to marginal supply, but that probably will take time and more insidious blunders on the part of the FED. The blunders keep it propped up until the FED throws in the towel with the result that the DOW has to make up quickly for what it had been spared. The boys at the CBOT wouldn't demand less than maximum volatility. The FED is their square well hero.