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Strategies & Market Trends : Evaluating Rumors and News Along With T/A and F/A -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (62)9/23/1998 1:09:00 PM
From: Wayners  Read Replies (1) | Respond to of 141
 
You've got to look and see what bank stocks are doing in advance of the Federal Reserve meeting. I think the meeting is next week. If it looks like the stocks are rising, thus showing the discounting of a rate cut, then I'd say yes, if rates are left unchanged, bank stocks will drop. The magnitude of the drop will be directly proportional to the runup. I think you'd get a retest of support levels.


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