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

To: High-Tech East who wrote (72512)	3/18/2001 9:12:22 AM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 99985

Ken, The reality of the rate cuts will have sunk in. The rate cut (to me) is a lose-lose situation. Everyone KNOWS we get 50 and they 1/2 hope we get 75. If 25 or 50, 'we' are very disappointed and sell. If 75, we realize we are a long way off from recovery and may still be falling deeper(?) into recession. We begin selling Tuesday afternoon, Japan's markets react by hitting 18-20 year lows, Europe follows and Wensday is a 'throw the baby out with the bathwater' morning and afternoon. Thursday and Friday will be accumulation time and a near term oversold rally. Just my opinion and am open to being wrong. My biggest question is whether to short Monday or Tuesday after a possible pop. It should be a very interesting week! Steve D.