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federal reserves

03/03/04 11:29 PM

#213144 RE: mikemargin #213139

Hello Margin,

Good post.

Please post more.

Best time is late at night.

IMHO the FED will have to move in with heavy support in the coming months to support the US stock and bond markets, as it is probable foreign support will fade. Rising deficits at an increasing rate (government and trade) always lead to doom.







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skono4

03/03/04 11:35 PM

#213146 RE: mikemargin #213139

March 2000
Market was trading flat to down til the 10th trading day then exploded to an all time high spanning almost 200 points in ten sessions.
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[d,a]daclnnay[d20000103,20000331][pc20!c50!c100][...

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skono4

03/03/04 11:47 PM

#213148 RE: mikemargin #213139

5 quarters leading up to the 2000 top.

http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[d,a]daclnnay[d19990103,20000331][pc20!c50!c100][...

That's one hell of a doji candlestick there marking the S&P all time high. For those calling for a major market collapse right here right now would you expect a climax similar to 2000 or are you seeing this distribution and fading away of the peaks as a more gradual event?