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


To: Daveyk who wrote (7478)5/15/2001 2:29:41 PM
From: Jack T. Pearson  Read Replies (1) | Respond to of 52237
 
Fed drops rate 0.5 pts. Unbounded enthusiasm in the markets . . . lasts almost 2 minutes.



To: Daveyk who wrote (7478)5/15/2001 4:52:40 PM
From: isopatch  Respond to of 52237
 
Dave. My work also indicates any decline

will be moderate and well contained on the major indices. Some of my stuff is proprietary but most is not.

Unless some big news event comes out of left field, risk in here looks like mid 10s on the Dow (lo 10s max) Then,we take out both Dow 11,000 and break recent NAZ resis in the next few weeks creating further momentum for a summer rally.

PM stocks should continue strong in any rally of the Broad Market.

"Money makes the mare run." And the Fed continues with the pedal to the metal. Not even a change in bias.

Isopatch