TradersChoice 2000 Message Board

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Strategies & Market Trends : TradersChoice 2000

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To: IQBAL LATIF who wrote (186)	10/3/1999 11:02:00 AM
From: Jeff Jordan	Read Replies (2) of 604

mrci.com decisionpoint.com decisionpoint.com *Special Caution* this week...Fed meeting Tuesday! Timing is everything people say....Given the trading range and uncertainty in the markets the last 6 days this is a special time to be extremely cautious. It is my opinion that the longer we stay in the current range the more dangerous the possibility of a breakdown. This range on the SP is 1262-1282. My fears are interest rate hikes aren't good for the markets...fed actions are what usually bring the markets down. Now is a very good time to hedge against any unforeseen downturns. My choice would be SPX puts. Capital preservation should be the number one thought on everyones mind. I won't feel comfortable until we convincingly break through 1318 and 1338. Watch List Monday, Oct. 4 quote.yahoo.com

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