This market is WACKO, part deux
these FED govs must privately have a chuckle over how they're able to push the markets' buttons. But BS aside,
I think they will be very hesitant to raise rates
in light of the 'perceived' Y2K menace. Do Greenie & Co really want the DOW back at 9000's? nyet If they raise rates on 10/5, thats what we're looking at.
Even if employment and other economic data dictate otherwise, they will hold off any increase until the new year. In the meantime, market is manic-depressive with volitility as the middle name.
Volitility is a blessing/curse, depending on trading style. Its thrown me for a loop more than once over the last month. This week I've been watching a handful of stocks and the intraday ranges have incredible but fairly easy to predict (NTOP, RBAK, JNPR, PHCM, HOTJ, MDCM, fill_in_blank_here, etc).
Max, you are missing out on some great trading oppotunities
in this market. Suggestion: pick 2-3 stocks, learn their
rythm, and POUNCE short or long! One good trade is all it takes, right?
Bottomline, feel this market goes higher into beginning of
December, then sells-off into New Year, and then ramps again. Who needs a life when the market provides all the
emotions one needs :-} As they say, don't follow me because i'm lost
TJ, isn't there some type of award for the most wordy post on the thread? i nominate myself
cheers |
