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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (82490)10/24/2008 7:10:26 PM
From: RJL  Respond to of 94695
 
Although I don't doubt there are plenty of reasons to rally, but wouldn't the 50bp rate cut be priced in already?



To: robert b furman who wrote (82490)10/25/2008 6:38:33 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Hi Bob, clearly, the market is due for a bounce, but I think any rally will likely be short lived and again be sold into... the overall chart pattern is still negative... SP 723.90 is still not out of the question, although there's no guarantee that it has to go there...

GZ


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