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Technology Stocks : INTEL TRADER
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To: Chris who wrote (4613)11/12/1998 11:39:00 AM
From: Gersh Avery   of 11051
 
Hi Chris

Market looks like it wants to go up into FOMC meeting. This will not be good unless the Fed reduces by .50 or more. IMHO if they reduce by .25 will produce the same reaction as no reduction at all.

I would estimate ~700 DJIA point downward reaction.

But then .. if the Fed does the .50 trip then we could see a strong reaction to the up side.

The charts whisper that kind of number .. we'll see.

Gersh
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