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

To: Terry Whitman who wrote (1029)	2/23/2001 9:53:19 PM
From: Nancy	Read Replies (1) \| Respond to of 52237

Terry, we all know Fed will continue to ease, at least 2 to 3 more time w/o looking at the mean. the econ needs it. that doesn't help us unless we can gauge how much and when - the 3/20 ease is a given and .25 is 100% priced in fed fund future. .50 was not 100% priced in until tue or wed. and it started to show probability of intrameeting since yesterday per some articles. Angell just being a high profile figure thus being quoted widely.

To: Terry Whitman who wrote (1029)	2/24/2001 10:17:07 AM
From: Chris	Respond to of 52237

for those that missed the probable reason for friday's late recovery Close Dow -86.94 at 10439.87, Nasdaq +15.13 at 2260.09, S&P -7.35 at 1245.47: [BRIEFING.COM] An impressive recovery across the markets today. A major bounce in the indices late in the day was driven by comments from John Ryding at Bear Stearns indicating the chances of a Fed rate cut next week are 60%. The Dow trimmed a 232 intraday loss to 87 points while the Nasdaq turned an 89 point deficit into a 17 point gain. In a market climate of horrible business-specific news and a poor outlook on the overall economy, talk of a rate cut was the catalyst the market needed to attract buy interest. The markets opened lower this morning and spent the first half of the day extending those losses. Earnings warnings from Sun Microsystems (SUNW Unch), JDS Uniphase (JDSU +1.81) and Motorola (MOT -1.04) appeared to be just a few additional nails in the coffin in early trading. Relative strength in SUNW and JDSU on negative news is likely to be read by many investors as an indication that a near term bottom has been put in place. Also dragging on the Nasdaq were downgrades across the wireless sector including Qualcomm (QCOM -5.12) and Nokia (NOK -1.91). After a week of continuous sell pressure on the indices, signs of buy interest late on a Friday are a bullish signal in the near term. The markets continue to be extremely oversold here on a technical basis. Watch for a near term trading rally if indeed a bottom has just been established. NYSE Adv/Dec 1310/1740... Nasdaq Adv/Dec 1695/2075.