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To: Jon Khymn who wrote (169)11/7/2001 12:47:08 AM
From: Jon Khymn  Read Replies (1) | Respond to of 795
 
0.5% cut today and the market rally, N +40 to 1835 D +150 to 9590. Q 38.2

I was pretty sure we would get 1/2% today, but I guess other investors didn't quite expect 1/2% cut today... apparently 1/4% wasn't factored in before the FOMC announcement.

Huge outside factors such as interest 'rate change' or 'war' disrupt normal chart pattern. Next time, for pure chart play, should short/long few days after FOMC meeting.

Didn't have chance to short at 38s today, will do tomorrow.
Hope Q goes only up to 39s and reverse <g>



To: Jon Khymn who wrote (169)11/7/2001 2:01:45 PM
From: johnd  Read Replies (1) | Respond to of 795
 
Here is why I think Nasdaq could double in 12 months:
1) The rate cuts will finally start to re-ignite in Q102
2) In 2002 we will have easy 2001 comparisons.
3) Stimulas package could inject 2% into GDP
4) Where else could investors with 2-4B in money markets put funds. Dow didn't go down enough, real estate is expensive, cds & money markets don't pay much, bonds are risky as principal will be lost if rates inch up later


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