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To: James Strauss who wrote (8467)	4/18/2001 12:07:17 PM
From: Jibacoa	Read Replies (1) \| Respond to of 13094

JIM: THE MARKET: With the FED's 1/2 point cut today we have the NAZ finally over the 2000 mark (It had an up-gap to 2027 even before the news<g>) and it seems it may close above the 2100 today. The DOW is now looking for the 10,700 and if it keeps its present momentum should try the March's double-top at the 10,850 level pretty soon. Its main nearest resistance is at the 11,035 and then the 11,400 level from last year Sept.H of 11,401 and the Apr. double-top at 11,425. Things are looking better for a change.<g> RAGL Bernard

To: James Strauss who wrote (8467)	4/21/2001 1:14:57 PM
From: James Strauss	Respond to of 13094

No Free Lunch... ********************** The banking crisis in Argentina may have fueled the FED's enthusiasm for this week's unexpected 1/2 point rate cut... Just one day before that the futures said 0% chance for an inter-meeting cut and 100% chance for a 1/4 point cut in May... Now we're expecting another 1/2 point cut in May... That's 3/4 of a point more than we were expecting on Tuesday... You get nothing for nothing... As Ed Sullivan would say, "We've Got A Really Big Shoe Ready To Drop" : > Jim