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


To: Paul Shread who wrote (3549)3/20/2001 3:48:33 PM
From: Jacob Snyder  Read Replies (2) | Respond to of 52237
 
This is just absurd.

The Fed lowers for the third time, and the market sells off. 150 basis points of Fed lowering in the last 2 months, and the explicit promise of more soon.

There is a sort of symmetry to the silliness: remember how we rallied when the Fed raised rates?



To: Paul Shread who wrote (3549)3/20/2001 4:18:35 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 52237
 
Paul, I want your crystal ball!If the Nasdaq is forming a falling wedge, it needs to hold around 1857-1860 today.
NAZ=1,857.41 down 93.77



To: Paul Shread who wrote (3549)3/21/2001 9:14:25 AM
From: donald sew  Read Replies (2) | Respond to of 52237
 
Paul,

>>>> If the Nasdaq is forming a falling wedge, it needs to hold around 1857-1860 today. <<<<

Right now they are trying to prop it up since the futures are up slightly. If we get a DOJI/SPINNING TOP today, there may be some hope for an upside move to begin. I didnt say 100%.

Interesting to note how negative the posts have been recently. From a contrarian position, that could be bullish. So do we only get a 1-2 day rally again in light of my CLASS 1 BUYs.