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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gc who wrote (70382)	2/24/2001 8:40:24 PM
From: JRI	Read Replies (1) \| Respond to of 99985

"selling will resume".....likely, but I don't know about Monday....seems a bit soon for the selling to begin....I don't think Friday aft. priced in all the exuberance.... Granted, by end of week, latest, I'd expect a fade, but Wed./Thurs more like it.....unless Greenspan comes out and cuts post the "fade begin"...which may prop up the market a couple more days....before falling once again...

To: gc who wrote (70382)	2/25/2001 12:25:28 PM
From: seminole	Read Replies (2) \| Respond to of 99985

<< selling will soon resume regardless of rate cut since market has already expected additional rate cut.>>> I agree that Fridays rebound may just be a response to an oversold condition. We will see on Monday. I agree the market has been expecting additional rate cuts. However, I feel the selling last week was the result of not having a rate cut in February. The market will rally on the next rate cut. I don't believe the market will have any long term improvement until it operate well without a rate cut.