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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (6756)9/22/2000 10:40:38 AM
From: Bucky Katt  Read Replies (2) of 13094
 
Besides the Intel news, the big news today is the intervention by many central banks, including the FED, buying up Euro's, thus propping it up, before we get a real dump in the US markets. This story to me is bigger than the Intel b/s, because it has stopped a free fall in our markets. We can't have a sustained market dump here before the elections, or so the cw goes. Witness the b/s about tapping the strategic oil reserves to bring crude down. Big traders are not stupid, and will profit greatly from all of this intervention.
BTW, today is the 21st day of those 4 short index positions I talked about, if I had held them, and at todays lows, profit would have been in the 7 figure range. Duh...I need to stick with what my charts are telling me.

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