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Strategies & Market Trends : Drillbits & Bottlerockets
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To: horsegirl48 who wrote (1736)1/24/2001 12:25:14 PM
From: Jorj X Mckie  Read Replies (1) of 15481
 
HG48,
Hard to say. If we rally into the fed meeting, then I would sell or hedge the day before the announcement (only if you are doing short term trading). Or we may pullback going into the fed meeting, in which case, I would want to BTD.

I think that Don Sew is coming up on a Class 1 sell signal, so maybe we pullback for 2 or 3 days going into the meeting...but again, even though the rate cut expectations are already built in, another rate cut does change the fundamental outlook. Further, since everyone is giving guidance based on the current economic landscape, there are lots of opportunities for upside surprises.
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