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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (19964)5/19/2000 2:08:00 PM
From: Sergio H  Read Replies (2) of 29382
 
Ditch, I can't get in and out of mutual funds intraday as you can. So, I'm loading up at close looking for Monday morning rally.

I'm expecting a reversal of today's action on Monday, BUT the market is likely to move sideways at least for a few weeks, until investors have enough information to make a prediction on how much higher interest rates are going.

Interesting note, I believe that when the Fed was lowering rates, in the meeting subsequent to a half point drop, no action was taken.

Another note. Natural resource stocks are the leading sector YTD according to today's Biz Week stats.

Sergio
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