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

To: pater tenebrarum who wrote (48541)4/28/2000 1:03:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Well, that fibonacci stuff is probably just coincidental anyways. The Dow's recent reaction high on April 12 just happened to be on the 89th day from the January peak. The next fibonacci number after 55 is 89. Where is Rod Serling?



To: pater tenebrarum who wrote (48541)4/28/2000 1:16:00 PM
From: Mike M2  Read Replies (3) | Respond to of 99985
 
Heinz, your expectations of a 50 bp hike by the Fed are predicated on the Fed acting responsibly which they have not done thus far. While I agree a 50 bp would have been prudent to check the speculation this Fed appears to be more concerned with acting in the best interests of disgrafeful politicians and bankers than the long term health of the US dollar and the future of the US economy. Mike


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