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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Jerry Olson who wrote (38580)1/30/2000 12:08:00 PM
From: dclapp  Read Replies (1) of 99985
 
OJ,

nice to see you again here!!

you said:

>> ...but i feel with some more blood letting...

that's what worries me. I agree with your comment about the extreme bearishness now -- and Greenspan (the chickens@#t :-), will probably only do 25, not 50 points. In the past, each 25 point hike (as I remember...) was followed by a good rally.

As you mentioned, liquidity is now getting drained. I suspect that may do more than rate hikes (near term) to bring the markets down.

Personally, I'm tempted to sit out the "aftermath" of the fed meeting, then short the markets at a higher level, as volume tapers off or the candles (and/or Don Sew:-) say it's time to get short. (I don't do that voodoo box stuff -- though I've got to admit you've me curious as all hell about that PNF mojo.)

Hope this post shouldn't be on the "gut feel" thread! Again, nice to see you here, OJ...

best,

doug
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