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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: pressboxjr who wrote (15906)	5/16/2001 9:48:50 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 30051

>>After an incredible run like it just had? << What run? The DOW which I'm speaking of has been in a two year range of between 9,500 to 11,500! >>What is your basis for such a move other than technical?<< Mostly technical, then don't fight the FED which has dropped the rate 5 times now for 2 1/2% cut which is a major move for so fast, tax cuts which are very close to becoming a reality, just had the biggest bear market in the history of the NAZ and the DOW held up very well, three major national mag. with a bear on the front cover of them back in March when the NAZ was at it's lows, huge amounts of money sitting on the side lines just waiting to jump in, and a few companies beginning to see that the light at the end of the tunnel is not a train headed for them which IMO is forcasting a turn around in the next quarter or two which is why the markets are already forcasting it by beginning to move higher! Oh and I'm bullish too! >VBG< Hank