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


To: stockman_scott who wrote (72730)3/19/2001 5:10:37 PM
From: Doug  Read Replies (2) | Respond to of 99985
 
S.S: A fortnight ago the Street was hoping for a 50c pre FOMC meeting cut. That did not occur. It seems logical that the FOMC is not going to a 75c two weeks later.

This seems to be a classic Bull trap. An afternoon sell off may well be in the cards.