QQQ & DIA - chat & chart Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : QQQ & DIA - chat & chart

QQQ 608.86

+0.1%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: the-phoenix who wrote (121)	5/7/2001 9:47:27 PM
From: Jon Khymn	Read Replies (1) of 795

>>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. << I usually don't like to hold position going into "known" big announcement. You are right in that we will see some sort of FED hope rally this week. (50% is probably factored in the market already) BUT YOU are expecting the market to sell off on the news, and probably others might have the similar idea. I'm guessing short-term traders will start to sell a day or two BEFORE the meeting this time. Doesn't always work but trying to stay just one step ahead of the crowd. That is why I am planning to exit no later than Thursday this week rather than holding until Tuesday next week. Regards, Web

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next