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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 674.96+0.9%Nov 25 4:00 PM EST
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To: stockman_scott who wrote (72730)3/19/2001 5:10:37 PM
From: Doug  Read Replies (2) of 99985
 
S.S: A fortnight ago the Street was hoping for a 50c pre FOMC meeting cut. That did not occur. It seems logical that the FOMC is not going to a 75c two weeks later.

This seems to be a classic Bull trap. An afternoon sell off may well be in the cards.
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