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

To: StockOperator who wrote (1908)	3/3/2001 11:52:54 AM
From: dennis michael patterson	Read Replies (2) \| Respond to of 52237

On FOMC I heard a few talking heads on CNBC friday saying "a 25 basis point cut is in the mix." WOW, only 25! THAT would be incredible-- what a blow to psychology

To: StockOperator who wrote (1908)	3/3/2001 1:29:35 PM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 52237

I agree, next week will be critical. It may be wishful thinking, but what I noticed last week is that the market tried to move up, only to be repeatedly cut down by after-hours warnings. The good news is that except for software, the market recovered from the ORCL warning. Friday's late sell-off may have been people selling the rally or it could have been traders exiting for the weekend--probably a combination. The NASDAQ closed a couple of points above where it opened. I wouldn't be surprised to see some sort of bounce early next week. Maybe even a two-day rally!