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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (48985)	5/3/2004 4:38:22 PM
From: Nancy	Read Replies (2) \| Respond to of 52237

no one expects rate hike tomorrow. but everyone is anxious for how the tone of the bias. this morning's ISM report definitely show yet another inflation evidence. if Fed is smart, it should make it clear thru whatever language that they are prepared to hike, and hint enough for how much and when. that way mkt would know and not to worry or guess how much and when any more.

To: Jerry Olson who wrote (48985)	5/3/2004 4:39:35 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 52237

My point is that there is no way to game it. There have been a great many that have tried, more fail than not. Trying to game it with new positions is directly akin to gambling. I can't keep count of how many times our (I mean the whole community) guesses on what the FOMC will come out with have been spot on but price has done a 180 and surprised everyone. Its so unpredictable its predictable LOL I won't lose any sleep carrying mostly cash into tomorrows meeting, that's for sure. ;-) The stuff I hold won't get whacked no matter what they have to say anyway. On the positive side, the accelerating sell off in SOX related names might suggest exhaustion enough to power a decent bounce if the environment tomorrow supports one. For those that stood aside from the train wreck in chips there might be a great short term trade opportunity ahead. Those that carried the pain all the way down may need to consider selling the bounce.