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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (19244)	11/3/2001 3:58:18 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Allan, about Monday & Tuesday My gut tells me Monday morning on $COMPQ we should be down a bit, with a slight rise back up to whatever we open at, followed by jello, ending within plus or minus 10 points of the open. Tuesday I feel is more clear, where we slowly rise from open to 1:00, jello to 2:15, wiggle wildly from 2:15 to 2:25, then fall until 3:00 or for the rest of the day. My Tuesday analysis is based not on TA or waves, but instead based more on history after looking at activity on FOMC days I have followed since 7/00. The part of my scenario I feel most comfortable about with reasonable certainty is the Tuesday drop after the FOMC announcement. The only thing that would negate that part of the scenario is a rate cut of more than 50 BP.