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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (3275)	8/24/2001 8:06:36 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 5893

THE MORNING OF THE FOMC Good Morning everyone... my charting service was completely messed up yesterday...but no matter the triggers were solid all day...they have not been fixed yet either..what a bummer... today is the FOMC...at 2.15 pm est Alan G & Co. will cut .25 basis points and say nice things about doing it again next time in OCT???... i feel this will be the last rate cut this year..it will not happen in OCT, and i'll address what i see as the conseqences of that event,,later this fall... for today??..here's what i want everyone to do...NOTHING....be flat going into the FED results..and do not trade for at least 45 minutes till 3.00, you'll see the futures all over the place till the street digests the news...then if you feel comfortable...do you thing..i'll try to be in the room..but may not get a chance... more important than trying to play those wild and crazy gyrations after the FED...sit tight and wait for the Semiconductor Book to Bill report after the bell about 6.00 pm est..very very important...if it's up again it should help the markets rally a bit more.. also...TQNT has announced a CC for 5 pm after the bell today..so be sure and Watch TQNT for some news there...i love the stock???..but they could warn here...i don't think so...tho.... so the game plan is to be very very quiet today..sit on your hands..relax, and let the events unfold...you can always BUY after hours...or wait till the morning to be secure in the market READ of the FED's action and the other info coming out too... there is NO rush here...you won't miss much... have a good day jerry