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I wouldn't count the chickens before they're hatched-- Certainly not on the
basis of the last 45 minutes of the Market today.
The following will most likely raise the spectre of uncertainty-- which
traditionally the Market hates.
1. Greenspan drops both funds and discount rate outside of normal FOMC
meetings -- and only days after most recent adjustment-- unprecedented!
What does he know that others don't and what is he concerned about? Has he
become a "Market Timer" and will he be more successful at it that most?
2. Volume on the pop from the past few days was the weakest in recent
rallies -- technically bearish?
3. OEX below and testing resistance at it's 200 day MovAvg -- SPX and DOW-30
fast approaching -- will they push through or is this the last chance to
dance out the exit before it's too crowded to get out?
Comments???
______________________________________
At 07:29 PM 10/15/98 -0500, you wrote:
>
>LOL...........no mercy!!!!!!!
>Robert
>
>
>, Mark Brown wrote:
>>Please revise the numbers now Omega Spam thats 1075.00 on the SP
>>
>>you short from 979 < the BEAR
>>
>>me long from 979 < the BULL
>>
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