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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (9108)	3/18/2008 11:00:42 AM
From: Augustus Gloop	Read Replies (1) \| Respond to of 33421

Do you think we bust the January lows on 50 beeps? I've been kind of waiting for the Fed to go on the offensive since January. If they cut by 50 today and the market tanks - what do you think the chances are that they cut by another 50 on Friday (options expiration) in an effort to blow the shorts and put buyers out? In January I was thinking they might just do that. They were going to cut anyhow and they would have almost have been acting as a weapon to put the fear of God into short traders

To: John Pitera who wrote (9108)	3/18/2008 11:11:25 AM
From: Stoctrash	Read Replies (2) \| Respond to of 33421

I'm going .75 ...nice pop here, shoulda woulda...:-) I'm 83% cash + 17% Gold right now. I'm going to box myself in w/ the SDS/SSO & QLD/QID soon after the FED news....then just wait and see what happens <aka chicken!!!> This is a sorry lesson learned...ouch. When the man asks...you do....or else it can come back to bite you! There is no doubt in my mind that if they had helped with the LTCM deal, that the FED would have helped them. Message 24416351

To: John Pitera who wrote (9108)	3/18/2008 1:40:32 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

I say 50 as well, combined with a statement tomorrow or later this week that the Europeans and Asians are willing to act to prevent the dollar declining further. I know I'm going out on a limb here.. but that's my guess.. we don't cut as much as we could, and they do more than they have.. Hawk