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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.52-0.3%4:00 PM EST

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To: American Spirit who wrote (76697)5/9/2001 9:14:47 AM
From: interesting man  Read Replies (1) of 99985
 
>>but this should be a one-day profit-taking trap for shorts before a rally into the Fed meeting

Thats just it, everyone is thinking the same thing. What usually happens is just the opposite when people think the same thing. Thats why I dont think we will see a rally into the Fed meeting. Just my opinion of course.
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