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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (14160)	9/28/1998 11:57:00 PM
From: Herring	Respond to of 18691

Message 5864340

To: Roger A. Babb who wrote (14160)	9/29/1998 12:07:00 AM
From: poodle	Read Replies (2) \| Respond to of 18691

"4. Fed cuts rates and market goes up, bullish." a. 25 b. 50 Let say b and up for a day or two. But than will be another day and another night. Fed can't cut rate every morning and expectations may be more serious than real influence. Good night.

To: Roger A. Babb who wrote (14160)	9/29/1998 2:25:00 PM
From: Hank	Read Replies (3) \| Respond to of 18691

Looks like it's response number 6- Bearish.

To: Roger A. Babb who wrote (14160)	9/29/1998 2:32:00 PM
From: chester lee	Read Replies (1) \| Respond to of 18691

Roger, I'll take a 4, 5 or 6, but it looks like number 6 is winning (for now). It's time to refi the house. techstocks.com chester

To: Roger A. Babb who wrote (14160)	9/29/1998 6:55:00 PM
From: BelowTheCrowd	Read Replies (2) \| Respond to of 18691

Roger, At this precise moment in time it appears to be somewhere between #5 and #6. (Personally I don't consider 28 points to be much of a move.) Interesting chat with a couple of DJ News people on CNBC earlier. They both pointed out that the market frequently "gets it wrong" on the day or two after an interest rate change, and that the real trend is not established until a day or two later. They attributed this, in large part, to short term "sell the news" traders masking the overall market direction in the longer term. So I think the jury is still out on this one. Realistically I think even an up move from here is likely to fizzle out around 83-8400. mg