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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (13148)	5/7/1999 12:28:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

StockOperator, As for a strong move to the upside, there are TRIANGLE floating all over the place right now, which implies that if there is a break to the upside it could be very strong, and the vice versa. I have been hearing from the media and almost everywhere that if the FEDs were to increase rates it would be at the AUG meeting not the MAY meeting. I dont see anyway that the FEDs could see raise rates in MAY and I think most feel that way. However the TRIANGLEs are projecting their APEX's in the MAY/early JUNE timeframe, so you could be right about the MAY timing. Im still more inclined with the intermediate top set until early JULY, but just dont think there will be a strong pullback for that timeframe, so Im sticking to my 4-7% swings in both directions. seeya