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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (11968)	1/29/2002 3:05:48 PM
From: Oral Roberts	Respond to of 23786

I personally wouldn't bet a whole bunch of money on a rally of any significance from this range, personally. They can think what they want but all of the indicator's have rolled over from very high levels and things are wildly overvalued at this point unless the economy absolutely rockets. I wouldn't bet a whole bunch of money on the economy either IMO. I'll be long again before summer's over I'm sure but it isn't going to be in the next week or anything I'm betting.

To: Junkyardawg who wrote (11968)	1/29/2002 3:07:25 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 23786

I am thinking along the lines that tomorrow will be an up day into the end of the FOMC meeting, then down afterward. My reasoning...... Everyone is expecting no action tomorrow. No rate cut. So that is priced into the market....action, sell the news - down. If the Fed cuts rates tomorrow, it means that things are still fugly....action: Down If the Fed raises rates tomorrow, well, we would be living in an alternate universe and people will freak out at that realization....action: down.