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

To: StockOperator who wrote (3261)	3/16/2001 11:56:58 PM
From: JRI	Read Replies (2) \| Respond to of 52237

SO- Truly, I am having a difficult time seeing how the markets can react anything but bad to the upcoming Fed meeting... This meeting has been the most discussed meeting I can ever remember...granted, my memory only goes back a few years <G> But every scenario has been debated.....50 BP....a disaster....75 BP, although welcome by some....others will think it smell of desperation...and largely, the bond market largely expects it, so what bounce?....100 BP....now THAT would be a surprise (!)....however, that would be viewed as a very desperate act indeed.... Where is the up scenario here? I would think that only 75 BP is the ONLY possible up ticket.....but after any minute, hour, couple day rally post-announcement.....the depression of lack of earning visibility will take over again.....There is now massive overhead resistance to slog thru from 1900-2500... Saw a report today how a lot of analyst's earnings scenarios for 3Q, and 4Q are still way, way too optimistic, and have to come down for almost every sector.....Companies have not done themselves a favor by promoting the "2nd half comeback story"....only delaying the painful earnings cut process.....we still need to pay that piper in the coming weeks.. (I can promise you I am normally an optimist....but this looks ugly for next week......with 7 straight down Naz weeks...hard to believe we can keep going down with such intensity....that's why I think we do have a shot at creating a short-term "fear" bottom very, very soon.....I just can't imagine this relentless pace for another 2-3 weeks while the individual investor stands by...confident that buy-and-hold will bail him out....this is destruction, pure and simple....mind-blowing stuff..) I am starting to believe that the market knows this time things ARE different...string, anyone?