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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: CAtechTrader who wrote (33884)	3/16/2001 6:17:23 PM
From: Jill	Respond to of 65232

Hey catech..... mindprism.com Anyway...There's no doubt he ain't rushing in, and I agree w/ you....75 would be unprecedented, maybe that's being floated to be sure to get 50

To: CAtechTrader who wrote (33884)	3/16/2001 7:29:58 PM
From: Hobie1Kenobe	Respond to of 65232

CaTech - I concur that A.G. is well behind the curve in regards to interest rates. I do not believe however, that even 75 basis points will considerably move the markets higher. As Edamo says the bottoming process is a function of both time and price levels. John Roque was on the tube today saying that today's levels may be the washout, but we'll not know until the market moves ahead 10%. I know you're a pro and can work both sides of a trade - heaven knows its been alot easier to sell and hold than to do the opposite. IMHO this selloff into the Fed Meeting raises the odds that we might get a rally on this third rate cut. My shorts are covered and I'm playing a bit from the long side (some financials and QQQ's)into the meeting. It is however a high-risk strategy as there will be plenty of time to get on board for those that would prefer not trying to pick the bottom. Hope all is well and that next 3 quarters will provide opportunities for all to profit. Best, JF3 - surfer of the CFZ and the Porch