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To: AllansAlias who wrote (10476)8/20/2001 10:47:59 AM
From: JRI  Respond to of 209892
 
I dunno....I think Fed effect (hint of rate cut/rate cut) is gone now....its "showme" time w/tangible economic benefits..

I think .50 would scare folks.....



To: AllansAlias who wrote (10476)8/20/2001 10:51:52 AM
From: John Madarasz  Respond to of 209892
 
likewise...

I'm not convinced, and therefore flat...wait and see is a good place to be



To: AllansAlias who wrote (10476)8/20/2001 11:11:12 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 209892
 
<<The bounce we see this morning is directly off the lower wedge line. It's a chart-chaser bounce.>>

Yeah, that's the way I'm playing the move (up) today and tomorrow. Mostly short covering and dip-buying. I doubt it'll be anything more sustained. That said, I boxed all remaining shorts this am...and sold my BA puts. Had a VERY good week last week and don't want to give it all back right away.


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