Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (3062)	5/22/2001 10:38:10 AM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

Chart of the Week... The table above shows that this is the 8th time the Fed has made 5 consecutive cuts. Only in the deflationary Thirties did such action fail to stabilize and boost the economy and stock market. investech.com this is only the 2nd time the Dow has lost ground between the 1st and the 5th discount rate cut, (lower half of table). The other exception was 1982... when that 5th cut turned out to be magical - propelling the Dow for a 42.5% gain in 6 months. While that's an unlikely scenario today, this action proves Greenspan is willing to pull out all stops to stabilize the economy and stock market. Gorilla Index breaks below "resistance zone" 5/15/01