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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (2554)5/15/2001 11:07:01 AM
From: JRI  Read Replies (1) of 209892
 
I like your "headfake down" scenario....The least likely outcome, IMO, is that the market explodes UP after Fed announcement, and never looks back.....I just think there is so much short-term down pressure here....it needs to be relieved...even if we are to go up...

Based on this, I am thinking on going 1/2 short into Fed, adding 1/2 on any explosion up after announcement...I'll be looking to cover as we near support at lower levels...

Fed Futures now pricing 65% chance of .50 cut...
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