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Pastimes : Trading the markets.....
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To: GROUND ZERO™ who wrote (1839)12/13/2000 3:38:49 PM
From: Chip McVickar  Read Replies (2) of 4583
 
Wednesday, Dec 13, 2000 3:33 PM ET
To: GROUND ZERO who wrote (1839)
From: Chip McVickar

Well, the 60 min and daily fork median lines for the SPX and Nasdaq have spoken and repelled downwards. The burden of proof is on those median lines, and I will agree with you ONLY if they are taken out.

Which might be days or weeks. <SMILE>

But for now there will be selling in these markets until Christmas, and maybe a short rally early in January..?

I've been a major Bull since October 98 when Greenspan spoke, but it goes back even into 1992-4, this position is uncharacteristic of me...!

Today The Party is OVER.

By Mid January and the first quarter we will All Know IT...!

The markets will sell-off over these election events.
The international community does not want republican party "Hawks" in charge of this country, they like Moderates. The democrats were seen as a continuation of the last 8 years. The partisan court has sealed the future decline.

The International players will start by selling the dollar which will not get above 115-116.00 and then the bonds beginning in the first quarter of 2001.
Followed by the wholesale selling of our markets by the Big Players in our universe.

But I know your a fast trader and will catch on before most see this trend developing. The psyche has changed.
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