MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.48

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Nov 5 4:00 PM EST

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To: Boplicity who wrote (76855)	5/11/2001 1:12:05 PM
From: eichler	Read Replies (1) of 99985

We partially agree there.... I have stated previously I thought the market would bide it's time until Tuesday, where I expect the wind to kick up again, one direction or the other. The Fed will either match built-in expectations of a .50 rate cut, surprise with more than expected, or disappoint with less than expected. Rightly or wrongly, I could see the wedge (triangle) coming at least a week ago, and have been successful trading accordingly {KRY-long (though I wish I had the patience to just hold continuously the past week) - defensive stock trading inverse to market}. I still feel the event of the Fed decision will spark the coup de grace as the chart pattern breaks decisively as opposed to the recent strength of the market buoyed by recent rate cuts and the rumor of the coming event. I'm looking forward to next week's trading to provide the approving nod of my anticipated conclusion, or the signal to go back to the drawing board. <g> As they say, time will tell. Regards, Eichler

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