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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (13132)5/29/2001 10:56:40 AM
From: Augustus Gloop  Respond to of 15481
 
I would also point out that the street wants another fed cut. I think we will get a mid meeting cut so that we can hold support. If the fed waits too long we will have broken the strength and the cut will have no immediate impact. Make no mistake about it - The tail is wagging the dog here. The street wants a cut and they're gonna get it!



To: Augustus Gloop who wrote (13132)5/29/2001 10:56:46 AM
From: AugustWest  Read Replies (1) | Respond to of 15481
 
Thanks. And if the 2080 doesn't hold, the piffin chart gets real fugly, right?



To: Augustus Gloop who wrote (13132)5/29/2001 11:03:14 AM
From: Jorj X Mckie  Read Replies (2) | Respond to of 15481
 
looking at the 40pt naz chart, I wouldn't want us to hit 2080. I think that it is very important to keep the higher low trend going.

EDIT: I see that you just said the same thing.