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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (1210)3/17/2001 12:49:47 PM
From: Shaw  Read Replies (1) of 5144
 
Your little red circles on that chart make me want to hurl. Especially the last one.

He can't admit a mistake out loud, so I hope he let's his actions admit it on Tuesday and we see a 0.75. It's not priced in, imo, so maybe we will see a ST pop if it happens and at least we can trade this monster.

I rememeber in May of last year talking to a lot of friends in the markets. They were cancelling big ticket purchases they had been planning on making, etc. I had an incredible trading wealth effect loss and I even sold 90% of my stuff in March and bot some puts!! Even with that shrewd move I got caught in the "buying" the rallys and getting killed, and it had the obvious effect.

This man completed ignored the wealth effect loss at that time and raised rates over and over again. Let's hope he gets ahead of the curve soon. Starting this week.
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