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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: shasta23 who wrote (31257)3/18/2001 10:15:17 PM
From: xcr600  Respond to of 69762
 
Interesting article-- Message 15523380



To: shasta23 who wrote (31257)3/18/2001 10:27:51 PM
From: j g cordes  Read Replies (1) | Respond to of 69762
 
Probably overdone, but markets attempt to wring out excess when possible. One thing I don't agree with is the tax cut benefit. According to one S&P analyst there's only a per capita benefit of $20 per person in the first year.. big deal if that's all it is, I'd rather they spend it on debt principle.

Futures are up, I expect a good day leading into Tuesday.. if there's a falter after the cut (whatever it is) it would be a good time for the large houses to strategically jump on the shorts to force a long squeze. You'll know it if heavy volume comes in on a post cut selloff reversing it agressively to the upside for a few days.