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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: TimbaBear who wrote (27824)	9/29/1999 8:57:00 AM
From: donald sew	Read Replies (2) of 99985

Hi All, Im really a cautious trader, and quite aware that the FOMC meeting can effect the market one way or another. Some may argue that no raise in rates is priced while others say the market will zoom if rates are not raised. Unless is one is nimble, go to cash and wait for the outcome. As for myself I will set up some sort of STRADDLE, since I have no clue which way the FEDs will go and Im not smart enough to predict what they will do as others are able to. Yes, if one goes to cash if they are not nimble some of the move will be missed but SO WHAT. If one picks the wrong direction one could miss ALOT MORE. Overall I am bearish, but I will not discount the possibility of a strong runup if the FEDs does not raise rates, which would hurt the shorts and if he does cut rates it could hurt the longs. THERE IS NOTHING WRONG WITH GOING INTO CASH for those who are not nimble. Although I am bearish, I am not trying to argue the bearish case, but that in light of important news which could swing the market in either direction dramatically why play it if one is not nimble. Some may say this is the time to buy and some say its the time to short, and I say if you are not nimble - GO TO CASH!!! seeya

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