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 : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (6220)	3/17/2001 7:58:38 PM
From: Cush	Read Replies (1) \| Respond to of 8925

Hi AllansAlias. Always enjoy your charts. Thanks for posting them. I posted a link to a 3 year Nasdaq chart today, with recent Fed increases marked. Message 15520522 As far as I know, prior to that three year period, the previous move was a .25 rate increase on March 29, 1997. That brought the rate to 5.50 Cush

To: AllansAlias who wrote (6220)	3/17/2001 8:12:29 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

Allan, Thanks for that chart - very interesting. Puts the "don't fight the Fed" argument to rest. I was thinking of putting together a similar chart with M2/M3 expansion & contraction on it. Again, 'Dont Fight The Fed' doesn't work for a trader, because in a panic, they'll be increasing money supply until the cows come home. Odd that people use that as an excuse to buy. The better plan would be to note when they stop increasing money supply ;) and then look for appropriate, safe, entries.

To: AllansAlias who wrote (6220)	3/18/2001 3:09:53 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 8925

Allan, I raise your chart with one more. ottographs.com I have taken some liberties with drawing the H&S just to avoid over complication of the matter. I like your chart, and this one, because it fits my guestimate on how things will play out! Seems to me that FOMC (before or after) is likely to be a catalyst for a move; in the event that the market rallies, surely the cuts earlier this year, and eventual market direction, will serve as a cautionary backdrop for market participants. 1 - Rally to resistance, and a clunk 2 - Rally to resistance and a believable move up 3 - Clunk right away In my mind there is really no way to game this market, at this juncture, except for day by day, so I don't bother trying. For now, its far better to sell a failed rally than it is to buy a failed decline. That picture will change eventually but its highly unlikely that it is changing now.