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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (28876)	1/30/2002 2:19:04 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

No change in rates. Believes that the forces holding down the economy are diminishing and that conditions for future GDP growth are improving.

To: Lee Lichterman III who wrote (28876)	1/30/2002 3:06:48 PM
From: TechTrader42	Read Replies (3) \| Respond to of 52237

"I think the bounce in the last hour or so is just shorts covering or boxing in ahead of the FOMC announcement. We will have to wait and see if anyone does any real buying afterwards but I doubt it." The market sure has a way of defying attempts to predict its direction. If it were the weather, we'd have to go to the office each day with all-season wear, just to be prepared for every possible degree of wrongness in the forecasts. The CI's hit 0 when the Dow was down 80. Now it's up 121. Anyway, a lot of indicators and systems seem to have anticipated a bounce today. Whether it'll last is another question entirely. Next resistance for the SPX at 1117. ST Naz CI: 62.264 65.330 MT Naz CI: 62.264 65.330 LT Naz CI: 93.447 93.979 ST S&P CI: 31.713 8.417 MT S&P CI: 31.713 8.417 LT S&P CI: 84.222 87.170