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


To: Lee Lichterman III who wrote (6066)4/19/2001 10:02:56 PM
From: Chris  Read Replies (1) | Respond to of 52237
 
everyone.

and i do believe Greenspan is in fear of recession. Recall that greenspan was warning of "irrational exuburance" before the internet bubble.

Conversely, I think greenspan cut rates once again to prop the consumer confidence. Notice that the latest unemployement reports are NOW showing the effects of the job layoffs.

Just because the market has rallied 30% for naz comp doesn't mean our economic problems are over.

Finally, the naz comp daily chart is theortically in a DOWNTREND (but we are now at the topside of the wide downtrend channel)..

Again, watch the markets with objevtivity and trade on facts and not on speculation and rumors. Again, the purpose of my posts right now is to be objective and have stops in place..