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To: pater tenebrarum who wrote (58218)8/24/1999 1:23:00 PM
From: Terry Whitman  Read Replies (1) | Respond to of 86076
 
>perhaps uncle Al will dish up a surprise today, but who honestly believes that he will? <

Well now. It wouldn't be a surprise if the majority EXPECTED it.
Today's announcement is KEY, IMO. Past FOMC history shows that anything more than ONE move in a particular direction is the beginning of a trend. In the past 12 years there have NEVER been 2 moves only. It's 1 or 3+.

Check out the link under Sunday's update-
geocities.com

The market may take a few days to figure it out- but they will eventually. If he does not tighten today, then the jury will still be out till he makes a move one way or the other.

Either way it is a dangerous time to be long, IMO. Also dangerous to be short in a mania, as we have proven. Cash is King at the moment.