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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Paul Shread who wrote (3390)6/25/2003 11:46:41 AM
From: bcrafty  Read Replies (1) of 41475
 
Paul - no, the morning's movements are almost always up, followed by jello from 12:00-2:15, and then the movement after that depends whether we get a "surprise" or not. Since a .50 BP has not been fully priced in yet, we might rally after a half hour decline, as in 11/01.

Otherwise, if we get no surprises, then the market should be down to flat after that.

However, one must remember the reaction in 5/01 where it declined into the next morning around 10:00 and then had a sharp reversal upward, a rally that lasted almost two weeks.

FWIW I have been studying the movements around FOMC meetings since 10/00.

Just a WAG, but IMO we're not going to go all the way to 1170 for the end of this 4.
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