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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	8/13/2003 6:50:21 AM
From: the-phoenix	of 209892

From Paul Cherney last night: There is a peculiar price pattern which has evolved over the past couple of years, if you look at S&P 500 price changes on the day of an FOMC announcement gains are followed by losses on the next day and vice versa. It has happened eight out of last ten FOMC announcements. businessweek.com

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