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Pastimes : QQQ & DIA - chat & chart
QQQ 608.86+0.1%Nov 14 4:00 PM EST

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To: Jon Khymn who wrote (120)5/7/2001 3:44:07 PM
From: the-phoenix  Read Replies (1) of 795
 
Hi Webby,

You're trading plan for the week was thought-provoking. How do you think the market will act going into next Tuesday's FOMC meeting? Lately it has been running up ahead of these meetings and then selling off hard on the news. Therefore, if market is solid or has an upward bias by late this week, I think it might run up some more till Tuesday noontime. Might want to hold the medium-term longs till Tuesday, in other words.

Just a thought.

BTW - I'm back to my bread and butter trades this week. (Went short at 12:30 today on moving average crossover signal.) The XLK-QQQ thing was a disaster last week. :-)

ttyl,

Phoenix
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