Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeet Shipman who wrote (43654)	9/26/1999 9:06:00 PM
From: Lee Lichterman III	Read Replies (2) of 94695

Well this MDA trader will probably not get to do much due to work but if I get a chance... I will wait for a pullback if we gap open then I am planning on trying to do some quick scalps early in the week then will start shifting back to the dark side the latter part of the week. Of course the latter part of the week's strategy may change depending on how things look as the week progresses but I am leaning towards the scenario I posted. Bounce, at least a slight retrace then trading range till the FOMC. The alternative is bounce then drop but I have migrated away from this since I don't think the market will sell off with the FOMC meeting so close now. I won't be betting large though since I see too many willing to buy the dip right now. We may get a fear dip at any time to try and take the dipsters out. Good Luck, Lee

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