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

To: AllansAlias who wrote (19627)	11/6/2001 2:54:55 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

JRI and Allan, you're both right about waiting to see what happens from here in the next few hours or days. I guess I was disappointed because on past FOMC dates if amount of the cut was already priced in, then the market would fall almost immediately. That's why over the weekend I said that I thought only a 75 BP cut would cause a rally because I knew that amount wasn't priced in. Nevertheless I was a little overconfident about today's post-announcement action, and thus a little dismayed. I'm not beat up too badly on my shorts, however, so I guess I'll wait a while to see if the news is sold more tomorrow morning. Futures are already falling as I type.