Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JRI who wrote (2209)	3/7/2001 3:10:35 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

CNBS reported that the beige book showed slowing growth and no inflationary pressures, opening the door for another 50 bp rate cut (a pretty much verbatim account). Other than that, I haven't seen anything on it. Given that that cut is now less than two weeks away (March 20), it's not out of the question that we could have a positive bias for the next two weeks. That said, the weakness in the COMPX has me betting that the 2200-2250 trading range will break to the downside, particularly if we close at or below the open again (2241). I'd like to see 2071 hold, and I suspect it will, but below that, I really can't make a case for a bottom above 1350. -ng- Funny that there's no volume behind today's move. I guess Abby Jo's clients have no money left. -g-