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

To: Shack who wrote (43473)	6/26/2002 8:54:24 PM
From: bcrafty	Respond to of 209892

Shack, "a tad more to today's wave" Although this doesn't really fit into any wave scenario here's an interesting tidbit: From Astrikos-Cut & Paste Excerpts from current market commentaries... Updated daily Tuesday, June 25th (Evening Update) The two-day FOMC meeting wraps up on Wednesday with the 2:15pm ET announcement on any change in short-term rates (unlikely). These two-day meetings come about twice a year, and interestingly, the direction the S&P500 closes on the second day of these two-day meetings has correctly forecasted the S&P's direction over the next two weeks in 11 of the past 13 occurrences going back to 1996. Therefore, an up day on Wednesday would hint at additional gains over the next couple of weeks, while a down day would suggest the selling isn't over. All recent instances of this setup are listed below... 06/26/02...??? 01/30/02...Up day...S&P +0.4% two weeks later 06/27/01...Down day...S&P -0.2% two weeks later 01/31/01...Down day...S&P -3.7% two weeks later 06/28/00...Up day...S&P +2.8% two weeks later 02/02/00...Down day...S&P -1.5% two weeks later 06/30/99...Up day...S&P +2.7% two weeks later 02/03/99...Up day...S&P -2.7% two weeks later 07/01/98...Up day...S&P +3.1% two weeks later 02/04/98...Up day...S&P +2.1% two weeks later 07/02/97...Up day...S&P +3.0% two weeks later 02/05/97...Down day...S&P +3.1% two weeks later 07/03/96...Down day...S&P -4.3% two weeks later 01/31/96...Up day...S&P +3.1% two weeks later I got this clip today from a post by Aoldoc on the Openmarket Discussion at marketswing.com