The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: Patrick Slevin who wrote (624)	3/5/1997 9:45:00 PM
From: Chris Baker	of 658

Patrick - My interpretation is that before 2:00 PM the market became pessimistic enough about another Greenspan market-sinker comment, that the market actually reversed. (I ended up with a not-too-bad loss and couldn't follow market after that.) A rule I'm going to use: when enough market players dread a certain event, the maket may actually have a significant rise after the announcement of "no change". The opposite is also true - remember the wide-spread anticipation that the FOMC would not change rates at their last meeting. When "no change" was announced the market had a significant fall. So (I'm reminding myself again) - the time to move is right after these dreaded or anticipated announcements - positive or negative. (P.S. - I noticed Intel jumped a point just before 2:00 PM, which to me was a bad omen.)

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