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The market finally is breaking down, giving me some room. I have
a rather interesting question/comment. I just watched
the Retuers Finanaical Television interviews with over 5 analysts and 2
economists. It is quite obvious that the Fed is not going to do anything
tomorroww. (pre survey, 36 no hike, 0 hike) Now, if the S&P
is breaking down support, and the Nasdaq is off 1 %, at the end of today,
do most RT'rs really think that there will <B>still </B>be a relief rally
tomorroww?? With what is going on Indonesia/Microsoft, there
will not be a rate hike, the Fed is not that stupid. Why wouldn't
the market have a relief rally now, why wait until tomorroww? Does
the Fed not doing anything tomorroww cause a rally, or does it limit the
fall? Comments. I am obviously asking this becuase
my short trade is now well in the money.
<P>Regards,
<P>MM</HTML>
</x-html>From ???@??? Mon May 18 15:46:46 1998
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