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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Sonny Blue who wrote (16555)6/9/1999 12:44:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
They raised rates by .25 just before the Thai bhat crisis in the Spring. The Dow slid 11% and Nasdaq almost 20% in the period just before and just after the rate hike, about 4 weeks. Everyone thought that the rate hike was factored in after the Fed jawboning of December/January. A similar decline would bring both back to support lines near 10,100 and 2224, respectively.