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Quite the contrary. The Fed will avoid moving right before an election
unless things are really bad. If the economy continues to sputter along as
it is doing now, there will be no change in rates.
Kent
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, August 15, 2002 11:29 AM
Subject: RE: [RT] Thursday Prognosis of S&P
With the Bush administration, ANYTHING GOES RIGHT NOW....
WAIT.....Doesn't the FOMC meet BEFORE September 30th ?
I think it's SEPTEMBER 24th.....just ONE WEEK BEFORE.....HOW CONVENIENT.
Hmmmmm.......I wonder what will happen to S/T interest rates then ?? (duh !)
"FOMC lowers Fed Funds by a record by 75 basis points......stock markets
rise sharply.....mutual fund holders now happy campers......GOP election
chances now improved"
BTW: I just love to shake you guys up...
> -----Original Message-----
> From: Norman Winski [mailto:nwinski@xxxxxxxxxxxxxxx]
> Sent: Thursday, August 15, 2002 12:15 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Thursday Prognosis of S&P
>
>
> M Simms,
>
> Hey, maybe they have Arafat bidding up the market with his secret
> billionaire dollar account? And the Bush administration is bad
> mouthing the
> Saudis so no one will suspect they are trading for the CIA?
>
> Conspiringly,
>
> Norman
>
> ----- Original Message -----
> From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, August 15, 2002 12:00 AM
> Subject: RE: [RT] Thursday Prognosis of S&P
>
>
> > NYSE volume of 1.5 billion today.....weak ?
> >
> > Also, let's not forget the Sept 30th date in NEON LITES hanging in the
> white
> > house......
> > they gotta keep the market up till then.....or else WHAM, goodbye GOP in
> > November.
> >
> > These fierce non-news-related afternoon rallies are just so
> suspicious.....I
> > wonder if Bush has the CIA hitting the BUY order buttons all
> afternoon in
> > the eminis.
> >
> >
> > > -----Original Message-----
> > > From: John Cappello [mailto:jvc689@xxxxxxx]
> > > Sent: Wednesday, August 14, 2002 7:38 PM
> > > To: realtraders@xxxxxxxxxxxxxxx
> > > Cc: MedianLine@xxxxxxxxxxxxxxx
> > > Subject: [RT] Thursday Prognosis of S&P
> > >
> > >
> > >
> > > I know general TA consensus says that we have broken a major
> > > resistance and 947 or better is in sight tomorrow.
> > >
> > > This may be true but this rally could have also been fueled by the
> > > absence of major bad news and CEOs signing on the dotted line.Plus
> > > coming off the heels of a major decline never hurts.
> > >
> > > Tomorrow I believe that:
> > >
> > > 1. UAL will announce Bankruptcy plans
> > >
> > > 2. Major CEOs of certain firms will not sign
> > >
> > > 3. Companies will announce a need to redo back years
> > >
> > > 4. While we passed the early Aug. high we are still below July highs
> > >
> > > 5. The 200 day moving average is a long way off
> > >
> > > 6. 775.9 may have been the low for this cycle but that does not mean
> > > 880 will not be retested.
> > >
> > > We can move higher but I think we will end lower. It would not take
> > > much to derail this uptrend which until now has been fueled by weak
> > > volume.
> > >
> > > This one may have passed a "magic" number but that does not mean that
> > > it "is" the magic number to climb aboard.
> > >
> > > Thoughts?
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> >
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
>
>
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