apakah artinya bakal ijo karena the Fed akan support market ? On Jan 31, 2008 9:12 AM, Aria Bela Nusa <[EMAIL PROTECTED]> wrote:
> http://www.elliottwave.com/features/default.aspx?cat=mw*aid=3658*time=pm > > It's Confirmed!! The Fed Follows the Market!! > 1/30/2008 4:56:17 PM > > By Robert Folsom > > Wednesday's stock market sessions (Jan. 30) ended higher. > > ***** > > CNBC had a "countdown clock" on its TV screen earlier today, so that you > could see just how much of your time on earth would elapse (to 1/100 of a > second!) before the Fed rate cut. I guess a countdown suggests an event > that somehow "matters." > > And, after the central bank's formal announcement of the rate cut (at > 2:15pm eastern), it did indeed look like an Event That Matters to the > stock market -- for all of about an hour. The Dow Industrials immediately > shot up some 200 points... > > ...and then gave it all back by the closing bell. The reversal doesn't > always happen that quickly, but being born yesterday is the only decent > excuse for being "surprised" by the market's > up-quickly-then-quickly-back-down price action. The same thing has > happened more than once since the Fed began cutting rates last year. The > Federal Reserve cannot change the dominant trend of the stock market. > > What's more, the notion that interest rates "follow the Fed" is an even > bigger myth. See for yourself. > > No description necessary -- it speaks for itself. That chart was in > Monday's (Jan. 28) Short Term Update. The mythology of the Fed won't die > easily; if facts were relevant, the myth would have evaporated long ago. > Distractions like "countdown clocks" and 100-basis point reductions within > eight days will keep coming, and are in fact predictable. For example: > > Recent market action makes a 'surprise' Fed rate cut highly probable > before their next meeting on January 30. If so, expect a large rally in > conjunction with the announcement. > > That too is from the Short Term Update, on January 15, a full week before > the so-called "surprise." It's what a real forecast looks like. The latest > commentary, charts and analysis from the STU is online now, and can be on > your computer screen in minutes via the fast steps below. > > >
