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Strategies & Market Trends : Sharck Soup

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To: GREENLAW4-7 who wrote (22194)	5/10/2001 6:04:38 PM
From: American Spirit	Read Replies (1) of 37746

I don't care if it lasts. I'm out EOD Monday anyway. That's been my plan for a month and I'm sticking to it. And the less time until the Fed cut the more likely the break-out rally is. Probably won't last but that doesn't matter to me. The only way I'm holding during my Europe trip is with stop limits in and I don't want to do that. I hate stops. They always cost me. Worst case I make 40% this month instead of 60%. Either way I can't complain. I've survived. I can get back in at the next low. You play you pay, no risk no reward. And buying before everyone else does is the only way to maximize, Just like shorting before everyone else does. Risky in terms of timing but true. Following the herd has made me no money whatsoever lately. That's why I'm being contrarian. As for Naz predictions, I figure 1850-2450 short-term and plenty of valid reasoning for each end. By fall-winter, maybe back to 3000. 2150 is holding in the middle this week but if anything can break the deadlock it's the Fed. However the market can always surprise us. Even common sense doesn't always work. Although it usually does eventually.

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