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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: GTC Trader who wrote (10565)	1/26/2001 9:02:12 AM
From: Zeev Hed	Respond to of 30051

Happy, actually, I think we should hold till Wednesday, the 31st, the FOMC meeting is two days, and then they come out at 2:15 and announce their verdict. Since this time, the verdict is almost a foregone conclusion, I do not think that the impact is going to be very strong. I had the 2850 as the top for January with an outside possibility of going to 3050 into FOMC, well, I am not sure if we even make it that far...The futures are down some 50 on the Naz as I type, but it has been around there since last night, so I would not be surprised to see the lows on the opening and a rally thereafter. Of course, the turnips have not done too well this week, so you may want to take this with a grain of salt or two. Maybe they caught the cold. Zeev