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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: adcpres who wrote (959)	2/23/2001 2:52:04 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Wayne Angell calling for rate cut next week, following JRI's call. <ggg>

To: adcpres who wrote (959)	2/23/2001 2:54:23 PM
From: JRI	Respond to of 52237

This rally seems very concocoted, and therefore, I am looking for failure (ending close to 10,3 then current levels)...traders only jumping in, and they'll close position before end of day, IMO... Just a guess...the right on 2:30 PM thing just seemed too weird.. BTW- A weak rally here doesn't get us out of the stew....the healthiest thing, I reiterate, would be to thrash around between 10,3 and 10,4 on a couple calm days....Naz staying in upper 2200 on a couple calm days....yeah right... Already, Dow losing some strength...we'll see if conviction rules.....update: Ahhh, now CNBC tellng Angell is coming out saying there'll be a cut next week (wonder if he reads the thread?....that might've saved this thing....now up 70 Dow ps (from 20,3)....problem is: Angell is a "market-friendly" guy and everyone should know it....he often misses on the optimistic side... This is bad for market, IMO...if this thing gets too certain (in traders' minds), market won't do anything when he DOES cut..up 80 now (from 10,3)