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

To: Zeev Hed who wrote (24347)	8/16/2001 9:54:34 PM
From: westpacific	Read Replies (1) \| Respond to of 30051

I see a Friday crap and gap, Monday is what I think could be nasty. But with options I expect a slight up day. And the joke is they will get shorts to cover and longs to go long - that is going to be wrong and just what they want. The FED is a non issue now. They cannot win, .25 big deal, .50 and it will create fear, and they will not do .50 due to the collapsing dollar. So the FED is a non issue now, all these rates cuts have done nada - .25 who gives a crap. All the best West

To: Zeev Hed who wrote (24347)	8/16/2001 10:41:41 PM
From: Jdaasoc	Respond to of 30051

Zeev: Two things in effect. - reaction to FOMC rate cut has been less pronounced each time they cut rates and much slower to effect indexes with temporary uplift. Last time it was almost two full sessions befor indexes rose. - if you thought volume was light so far in AUG, it will lighter as Labor day approaches. This will lead to more swings but not many that willl be sustainable IMO. The musical chairs analogy will become more vident as fall progresses. john

To: Zeev Hed who wrote (24347)	8/17/2001 8:32:24 AM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Some evidence to support the recent market action being distributive rather than accumulative: cbs.marketwatch.com Funds get more outflows: Trim Tabs By Julie Rannazzisi Trim Tabs estimated that all equity funds got outflows of $2.6 billion during the week ending August 15 compared with outflows of $2.5 billion during the previous week. And equity funds that invest primarily in U.S. stocks had outflows of $2.4 billion vs. outflows of $1.0 billion in the prior week. Meanwhile, bond funds had inflows of $1.0 billion compared with inflows of $900 million the prior week.