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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (51923)5/4/2002 11:15:00 PM
From: SirRealist  Respond to of 208838
 
The VIX may be less reliable but the market is acting anticipatory towards FOMC. Raising the interest rate would be a clear sign of confidence in the economy, but the mkt seems to be betting on 'no action' from Uncle Algae.

If a nearterm reversal is due, Tuesday is setting up as the focal point.... so a rebound intraday Monday is possible, and by Wednesday (at the latest) fer sure.