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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (40316)2/1/2000 2:50:00 PM
From: Chip McVickar  Read Replies (1) of 44573
 
Scott and Doug,

My Best Guess for the Fed....,

They'll hammer it with +0.50 and a bias to tightening further....and the SPX will see 1300 and close the Gap on the spoos.

Market should retest 1405spx median line towards the close with Players taking long positions on 0.25 increase consensus.

I feel the public will get nailed...., taking a short position at 1415es00h would be great play for Risk Happy Rewards. <<smile>>

Chip

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Here's an interesting poll being taken by AOL as of 2:30EST:

At the close of the FOMC meeting on February 1st and 2nd, you think the Fed will:
Raise rates by 25 basis points..- 22612 - 60.5%
Raise rates by 50 basis points..- 8194 - 21.9%
Keep rates unchanged.............- 4488 - 12.0%
Lower rates by 25 basis points..- 344 - 0.9%
Lower rates by 50 basis points..- 232 - 0.6%
Not sure.................................- 1515 - 4.1%

Total votes: 37,385

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Do you think the market has already priced in an interest rate hike?
Yes, a 25 bp hike...- 24539 - 65.9%
Yes, a 50 bp hike...- 4477 - 12.0%
No....................- 5010 - 13.5%
Not sure............- 3205 - 8.6%

Total votes: 37,231

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Overall, where do you think the market will go in the next 3 months?
Much Higher (+10%)......- 3847 - 10.3%
Higher (+5-10%)............- 15642 - 41.8%
About the same (+/- 5%) - 11996 - 32.1%
Lower (-5%-10%).........- 4450 - 11.9%
Much Lower (-10%).......- 1479 - 4.0%

Total votes: 37,414
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