Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2513)	9/24/2002 12:03:01 PM
From: Nancy	Read Replies (1) \| Respond to of 57110

from Lee's site : Rocks2stocks Intermediate Member Username: Rocks2stocks Post Number: 296 Registered: 4-2002 Rating: N/A Votes: 0 (Vote!) Posted on Tuesday, September 24, 2002 - 10:58 am: -------------------------------------------------------------------------------- FOMC meeting rallies I call them the "it's not our fault the market is down" or "everybody loves the Fed" rallies. Blameless they are. Here's the recent history. Jan 30...bounce on 1/30, high on 1/31 Mar 19...no bounce May 7...rally starts 5/8, high on 5/15, a major top Jun 26...bounce on 6/26, high on 6/28 Aug 13...rally starts 8/14, high on 8/22, a major top Sep 24... Nov 6... Dec 10... 4 out of 5 meetings so far this year were followed by higher closes, 2 modest bounces and 2 decent rallies. Some amount of engineering is suspected by yours truly. Donald expects to see his short-term technicals in the midrange prior to FOMC meetings. I don't think this has held up well over the last year and that his readings have been toward the low end more often. I'd like him to look into this. (Message edited by rocks2stocks on September 24, 2002)