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To: Lee who wrote (52841)	9/16/1998 1:53:00 PM
From: epicure	Read Replies (1) \| Respond to of 58727

head and shoulders on the 5 min dj chart? Any one else see it? Or is it just me seeing things again.

To: Lee who wrote (52841)	9/16/1998 1:54:00 PM
From: Trey McAtee	Read Replies (1) \| Respond to of 58727

lee-- IMHO, there isnt going to be a cut. there is no need for one, other than to extend the market. good luck to all, trey

To: Lee who wrote (52841)	9/16/1998 2:24:00 PM
From: AlanH	Read Replies (1) \| Respond to of 58727

Lee, re:Greenspeak "At the moment, there is no endeavor to coordinate interest rate cuts" Indeed. The preamble was something like, "I believe it's safe to say without reservation..." AG elaborated that G10 members are in dialog as to appropriate action/s. German ministry has outright stated, "No rate cut." IMO, this was not news to market followers. Did anyone really believe the media prattle which stretched the context of AG's Berkeley speech? <g> In retrospect, today's address was a ratchet event: confirmation of rate cut = market rally; non-confirmation = flat, slightly down. Someone on the Waiting for the Great Pumpkin thread has mentioned that the market is being carried by speculation. I'm inclined to agree. AG, BC, LatAM bailout, INTC sales, etc... these are the tools of manipulation. sauve qui peut That said, technical behavior is obviously within the bounds of normalcy. Good luck with bondz! -Alan