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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (8341)	5/3/2005 9:41:44 PM
From: Walkingshadow	Read Replies (2) of 8752

Very nice. Interesting FOMC move in the market today. I have noticed on a number of previous occasions that there seems to be a pattern. Just before the FOMC makes its annoucement, the markets are moving horizontally. Then, just as the FOMC is making their announcement, there is a sharp move one way or another (today it was down). Every single time I have watched, that first move has been a false one, and within 10 minutes or so, the market will suddenly reverse and move considerably further in the opposite direction. This worked out like clockwork today: 139.142.147.22 The buy signal would have put you in at about $35.10. The market rallied from there to $35.40, or 0.85% over the next 15 minutes or so. This is roughly about what we usually see. T

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