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To: AllansAlias who wrote (25070)12/13/2001 1:50:53 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
I wonder if they are running stops here for a fake before the release. I would imagine that the report can't be to bearish if the saw a possible turn around...



To: AllansAlias who wrote (25070)12/13/2001 1:51:15 PM
From: John Madarasz  Respond to of 209892
 
NDX sym tri on 15 minute



To: AllansAlias who wrote (25070)12/13/2001 1:58:37 PM
From: AllansAlias  Respond to of 209892
 
Coming back for a test of this morning's lows. Lower lows would test again the lower edge of the bull flag everyone is watching. Falling out of one of those usually leads to a waterfall.

Non-tech looks like it wants to go up. In the end, it could go either way for me so I step aside.



To: AllansAlias who wrote (25070)12/13/2001 2:08:07 PM
From: Sully-  Respond to of 209892
 
Fed members debated size of cuts at Nov. meeting

WASHINGTON, Dec 13 (Reuters) - Members of the Federal Reserve's interest rate-setting panel debated how much to cut rates at their Nov. 6 meeting, before settling on a half-percentage point reduction, according to meeting minutes released on Thursday.

``A number of members noted that the choice between 25 and 50 basis points of easing was a close call,'' the minutes said.

While the vote to ease rates by a half-percentage point was 10 to zero, the disclosure of the debate may add to speculation in financial markets the U.S. central bank is close to ending its cycle of monetary easing. The Fed made a smaller quarter-percentage rate cut at its most recent meeting on Tuesday.

In the minutes for the November meeting, members of the Federal Open Market Committee that favored a smaller cut did so because they felt policy was already ``accommodative'' and they were worried that a larger cut would lead markets to ``build in inappropriate expectations'' for additional cuts. Those favoring a half-percentage point reduction said there was an absence of evidence the economy was stabilizing in the aftermath of the Sept. 11 attacks on New York City and Washington.

Looking ahead, the FOMC members believed the economy would likely rebound in 2002, the minutes said. However, the strength and timing of that rebound was seen as depending on proposed federal fiscal stimulus, the United States' on-going war against ``terrorism'' and economic conditions abroad.