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

To: Jerry Olson who wrote (3490)	3/20/2001 1:05:26 PM
From: JRI	Read Replies (2) \| Respond to of 52237

QQQs oversold? Whadda make of these comments? TIA To:Sharck who started this subject From: velociraptor_ Tuesday, Mar 20, 2001 12:33 PM View Replies (1) \| Respond to of 12383 Market looks like it wants to pause here before taking off again. I suspect that we will get one more push up to the FED meeting, and then possibly get a small pop on the announcement. Indicators are very overbought in many time frames, so I am not expecting an sort of super ramp job, and especially not one that lasts. The rally is now taking the shape of either a rising parallel channel off the lows or beginning to take the form of a rising wedge which is bearish. I doubt we get anything more than 50bp. All these talking heads who are expecting 75 have really not given any credible evidence other than that the market expects it which is hardly a valid reason. There are numerous aspects of our economy tied into that FED rate other than the market and Greeny is not going to give it to them just because they want it. My plan is to hold what I have left on the short side and then wait until the FED meeting to see what the reaction is. Hopefully, I'll get one last pop to fully scale into some shorts.