Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: MechanicalMethod who wrote (33169)	3/26/2002 3:40:41 PM
From: John Pitera	Read Replies (1) of 52237

very, very short term the TICk and TRIN did not diverge, but made new lows at the 3 PM low. I could believe we will try to rally. The Technical picture is a bit uneven to me at the moment. the rest of this week will be tricky and we should probably not expect a real big directional move. The Dec Eurodollar contract has had a very strong rally from a potential bottoming formation. That contract is a proxy for short term interest rates in Dec. The market is voting that the FED may be backing off the 125 to 150 basis point rise in Fed Funds by Dec. a couple of the Fed Gov's are suggesting that today.

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