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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: LaVerne E. Olney who wrote (6409)2/1/2001 6:41:17 AM
From: robert b furman  Read Replies (1) of 19219
 
Hi leo,

You always have such great charts! Thanks again for sharing.

Do I interpret that chart correctly when I say "if it looks like a flat plateau on the closest and furthest to the right square the rate change has been completely anticipated?

I have always marveled at the Lemming effect of fed "changes". They have of late been completely anticipated in advance by the bond market.

The fed doesn't announce a change it more correctly confirms that which the market has already adjusted to.

I guess opportunity lies in situations where that little plateau ISN'T horizontal ???

I do not understand the linkage that accomplishes the change in rates that the fed simply confirms??

Any opinions of wisdom???

P.S. I would be very interested in an updated of your :

Nazdaq 10- trin
NAZ HuLo Summation
VIX(10-DAY ma)
NAZ McCllellan Summation

In short I'm still looking over my shoulder for a nasty double bottom - like 98 gave us. Perhaps it's paranoid,but FA is making a great case for a replay.Hi LO Logic and Bolton Tremblay sure don't agree with that fear however.

Thanks again

Bob
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