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

To: Rich1 who wrote (18684)	6/24/2001 11:00:26 AM
From: Mark Johnson	Read Replies (1) \| Respond to of 30051

If the fed cuts by 25 basis points maybe we'll see 1900...if we see a half point cut, things stabilize and have a positive bias for the summer.....two long months until the next fed meeting....The economy still hasn't felt the effects of the prior rate cuts....and with those tax rebate checks in the mail, consumer spending will increase....

To: Rich1 who wrote (18684)	6/24/2001 11:22:08 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

With the 4th of July in the middle of the week next week, we may see very light volume in the first 2-days of the week next week. If we are going to have a major near term drop below 1900, I believe Thursday or Friday this week would be more conducive than a week from now. As for Window Dressing, I'm not sure it will be as strong this week for the NDX stocks, which are driving the market right now. The large caps are in most of the funds right now anyway, unless they're selling, it should not affect things. The COMPX ended March 30 at 1840. Wouldn't it be interesting if we end this quarter there on Friday? The fact that we're not that much higher on the Nasdaq than the beginning of the quarter should keep the window dressing to the losers and strong performing defensive sectors, IMO.