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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: eichler who wrote (5599)12/15/2000 11:56:16 AM
From: J.T.  Read Replies (1) of 19219
 
thanks for encouraging words eichler.

I am just a small fish in the ocean now look my monday extreme warning and I try to get cute for few days being 50%long SPX when in fact nothing has changed from that monday call. The trick is to avoid the major landmines and keep losses to a minimum. The gravitational pull of trying to keep emotions out of it nauseates even the best of em.

To be labeled a "Bull" look at Abbey now or "Bear" Fleck finally gets to shine after enduring 4 years of hell is like being handcuffed to an electric chair and keep taking the shocks the wrong side you are on. These unilateral positions with no flexibility in between is damaging to the pocketbook and bruising to the ego.

Now what happens when Abbey comes out after all these pre-announcements and warnings and then they don't add up once the earnings are tabulated to her model does she lower her target or market exposure? If she does the lambs are led over the cliff and resentment and retrenchment permeates the negative mood and it becomes a self fulfilling prophecy right into a recession. The point is she is painted into a corner and can't say what she really wants and if she does it is too late for the herd who have watched the profits go to money heaven and the goal then becomes just getting back to even.

The worst is not over by any stretch of the imagination although we will get this bounce right into the fed meeting on Tuesday thru maybe weds/thurs from mondays lows.

Best Regards, J.T.
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