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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Raymond Duray who wrote (632)6/13/1999 5:06:00 PM
From: TraderAlan  Read Replies (2) of 18137
 
Raymond,

<There are some folks suggesting that if the FED raises by a quart at the end of the month that the stock market will have a relief rally>

That's exactly what I expect because that's what's happened in the past. There is nothing ludricrous about it. Bull markets are not ended by single rate hikes.

There is a basis for the wisdom: three steps and a stumble. I suspect the rally will start well before the Fed meeting.

Alan
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