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

To: Crimson Ghost who wrote (70444)	2/25/2001 7:08:50 PM
From: UnBelievable	Read Replies (1) \| Respond to of 99985

It Seems That At This Point He Seems To Have Created A Conundrum We had a rally Friday based on the rumor of an emergency rate cut. But as long as the market rallies there won't be an emergency rate cut. If the market starts to go down, a rumor of an impending emergency rate will no doubt begin, and the market will rally. But as long as the market rallies there won't be an emergency rate cut. For a variety of reasons, including his testimony on Wednesday, the significant amount of economic data which will be released on Wednesday and especially Thursday, and even perhaps to dampen rumor mongering by Brokers and Analysts, absent a lock limit down session on the NYSE, I think that it is very unlikely that an emergency rate cut would come earlier than Thursday if in fact there is one. Since I don't see them doing more the .50 in the next month if there is an emergency rate cut it would probably .25, followed by .25 at the regular meeting. Since the market will sell .25, I am inclined to think they will wait for the regular meeting and just do .50 then. Having said that I tend to be far too rational to predict the actions of the Fed and am usually wrong. <gg>