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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (43358)12/13/2000 5:17:57 PM
From: rocklobster  Read Replies (1) of 57584
 
Checking in with a vote for the individual investor.

I have been avoiding this market for the last week because of this election mess. I wanted to get back to trading based on companies and business outlook and not election bs

this last month has been one nasty experience from which I just barely emerged unscathed.

My feeling has always been that we would get a retest of lows before the FOMC meeting. then a rally into the meeting maybe starting friday or monday..

I think the FOMC meeting will be a sell the news sort of event like the election news was today. I doubt very seriously that Greenie will lower rates. He probably will goto a neutral bias though...

However I believe the neutral bias is already priced in.

It was an agonizing day today.. I got chopped to shreads trying to guess the bottom today, and got stopped out of all longs.. typical 3/4 to 1 1/2 point below my stops sort of fills.. that is really starting to piss me off..

Anyway thanks for the great work Rande.. lets stick together and ride this storm out. Everyone be careful out there.

rok
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