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Amen, Amen to the above.....
> -----Original Message-----
> From: Bilo Selhi [mailto:citadel@xxxxxxxxxxxx]
> Sent: Sunday, February 25, 2001 11:28 PM
> To: robert.cummings@xxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: Fed Rate Cut
>
>
> what happend last time?
> we were rallying into it on a daily chart.
> fed came it and dropped the rates.
> the reaction was "buy intraday"
> we had a nice pop and then...
> the next day we started profit taking and
> the overall reaction to the fed easying was....
> sell, sell and sell more...
> even after more than two weeks since fed eased
> rates we are still selling and selling even faster...
> tell you what? lot of people got sucked into this
> "don't fight the fed" scheme
>
> now if fed comes in on monday or next day and
> drops it again...
> personally i don't think it will have any substantial
> affect. sure we might have a pop again or sell
> again who cares...
> the main thing is that fed is tied directly to
> about 5 major players in the market and those
> are playing their own game of chess and shaking
> the tree...
> what i am trying to say is it all depends on when
> they decide on "when is over".
>
> street talk is that we are in global bear market already
> ( 1 year in US ) and might be in it for 2-4 years.
> prices on everything went up in 2000-2001 and
> that's showing thru inflation gage.
> to flush those buy and holders real well we will have
> to dip below 2000 in naz and about 1800 in ndx.
> then to flush those dow buy and holders in the dow
> dow needs to go 7500 during which time money will
> start going back into tech.
> and finally to flush Bush out that takes 4 years
> of not growing economy.
>
> but you know what, who cares. disregard all... market goes up
> we make money, market goes down we make money.
> main problem is if market starts going sideways for
> some time... then you gotta roll out those oscillator
> based systems and dump those trend following systems :-)
> that is i think the main concern... at least to me, else
> we'll take it as it comes whichever way.
> bilo.
>
> ----- Original Message -----
> From: <robert.cummings@xxxxxxxxxxxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Sent: Sunday, February 25, 2001 10:42 PM
> Subject: Fed Rate Cut
>
>
> > If we get a rate as some have guessed. I'm thinking the market will
> > initially go up then reverse to the downside. Anybody else think this
> might
> > happen.
> >
> >
> > Robert
> >
>
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