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To: ftth who wrote (227)10/23/1998 4:09:00 AM
From: HeyRainier  Respond to of 237
 
Dave, in my book, that reasoning is sound. Under the given circumstances, the Fed's moves seem more to adapt to and cushion the economy from external shocks and adjustments. It would appear that given this line of reasoning, they would tend to "chase the market" somewhat, and to follow its moves with corresponding interest rate moves. Their role is, after all, to stabilize the economy.

RT



To: ftth who wrote (227)12/19/1998 7:37:00 PM
From: Smooth Drive  Read Replies (1) | Respond to of 237
 
Hello Dave,

I trust all is well with you and your family for the forthcoming holidys.

A question Dave. When you look back at various trends lines, be they simple, exp., or weighted, what is your preference as to data. That is, do you use just the close, or some combination of O,H,L,C with a divisor, etc.

Always appreciate your thoughts.

Take care,

Eric