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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (4776)	8/7/2002 10:58:05 AM
From: Jeff	Read Replies (1) \| Respond to of 30712

well i know one thing.....there is only one way to hold this market up now because all the news is playing right into the teeth of the retrace going all the way... they have to convince buyers the fed will cut and it will help.....even though the last 11 cuts have lead nasdaq from 3000 to 1192..... and as of today....the retrace says no recovery till 2004....and the fed will have no bullets next year.... thats all they got now and they will pump that cut all they can..... watching the retrace....we are watching history repeat from the worst time in our history.....and right now is the turning point....this is where the fed either saves the day or does the same mistakes that everybody said we would not repeat because we learned the first time.... the fed cuts now and it doesn't help.....next year they are helpless....and the retrace says next year we bottom much lower than todays levels.... we are watching a major turning point in our countrys history right now.....