Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (27203)	6/28/2000 3:28:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68461

Hi Clint, I hope everything is going well. Ed Downs has been fairly accurate the last little while. It looks like the fund managers may have loaded up yesterday(Monday) for the end of quarter causing the last hour spike in prices. The would indicate though that they believe there will be no rate increase. The mixed trading in the retailers and financial indicates some wavering in conviction,but for the most part it still looks like no rate increase is what most people believe and they are betting accordingly. The weakness today may indicate they are done buying and that is not good for a post Fed rally. The weakness today will probably carry over to tomorrow as no one will take a position just hours before the Fed announcement. What happens after that is a little more murky after the HLIT pre-announcement. Any bounce that would have happened in advance of earnings for stocks like RFMD, AMCC, CMTN has been nullified as traders will be cautious of being blinded sided. Good trading tomorrow. It should be exciting one way or another.