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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (14814)	3/2/1999 10:59:00 AM
From: Challo Jeregy	Read Replies (2) \| Respond to of 34811

Dick, I too have been puzzled by this; however, I stay puzzled, so that's nothing new<g>. Given that, what I am beginning to discern from all of this talk is this: GS "jawboned" markets into thinking about rates going up, so that he can recover that last 1/4 move he had taken as insurance (and, at the same time, get some air out of the market bubble). But, due to world markets, he can't/won't raise Fed rates, short term, as much as he would like to. Maybe this is the read that investors of financials are getting. My worry, though, is this: does P&F djbb read a definite rate increase, or market sentiment of rate increase? Or, am I really showing my lack of understanding in all of this?<VBG> challo