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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (22563)5/12/2001 7:48:20 PM
From: DebtBomb  Read Replies (1) | Respond to of 37746
 
We could get some kind of crazy summer rally, but what would be the catalyst?? Peter Pan?? Seriously, what could make us rally?? I'm prepared either way, but I agree, the market TA suggest weakening. The ascending triangle support line got broke.



To: LTK007 who wrote (22563)5/13/2001 11:19:28 AM
From: Wes Stevens  Respond to of 37746
 
Hi Max,

Good to hear from you - hope all is well.

I don't see a near term rally. We are out of earnings and starting on warnings. The fed will probably cut .25 or .50 and then go neutral. I really think we test lows again before we go higher. But all the liquidity and rate cuts will take it's effect. My guess is that we start a real rally in July with the next earnings season.


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