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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: JustTradeEm who wrote (12804)	8/17/2001 2:57:39 PM
From: Tom Hua	Respond to of 19633

JB, no bounce so accelerated selling into the close appears to be a more likely scenario. A close below 1900 for the first time in 4 months will give people pause to think about it over the weekend. The Fed cut next week is a non-event, 25 bp is 100% priced in with expectation for another 25 in November. Current encouraging economic data rule out the possibility of 50 bp next week, IMO. JNPR making another new low. When it drops to low teens I will start a long position, ditto with CIEN. Regards, Tom