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To: pater tenebrarum who wrote (74942)11/11/1999 2:38:00 PM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
based on that Gann chart, it looks like this last mon was the high?



To: pater tenebrarum who wrote (74942)11/12/1999 3:31:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 86076
 
Tuesday is the Fed meeting which has already been heavily advertised as a reason to rally. as if a reason was needed....

Perhaps that is it: a pre-rate increase run-up, sorta like a pre-earnings run-up. Buy the rumor, sell the news? While on the face of it that looks silly, there have been a lot of pundits suggesting that "even if the fed raises in Nov, it will be the last one for a long time (hint being: if there ever is another)".

But whether or not this is one reason for the continued rally, the fact remains that the naz is rallying right into the face of the Tues meeting (flying the bird to A.G. -- I wonder how smart that is?)