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Vendit

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Vendit

Re: Carolyn post# 500

Tuesday, 01/30/2001 8:13:15 PM

Tuesday, January 30, 2001 8:13:15 PM

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pullback soon after Greenspan lowers the interest rate?

The compx is trending very high technically and due to pull back some. I see mixed signals as of the close, which is a change from yesterday's bullish tone. I take this as "fear" of the Uncle-A speech on Thursday.

Logic tells me that a 1/2 point rate cut will/is already factored into the market now so a sell-off would seem logical if cut announced. A sell-off would also seem logical if NO cut is announced. <g>

So sell-off is my thought.

JMHO


Reid

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