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Strategies & Market Trends : The Amateur Traders Corner

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To: Blue On Black who wrote (14316)	9/29/2001 8:36:53 AM
From: Tom Hua	Read Replies (2) of 19633

Good morning Lee, as Chr. mentioned, the new added buying power rule was intended for daytrading only. I suppose a good portion of daytraders have been wiped out the last 18 months, brokers see significant drop in revenue as a result. The new rule allows them to pick up more business and of course the danger is more daytraders will soon disappear altogether at 4 times the previous pace. Reporting season is upon us. It's no secret that companies will guide down Q4 and repeat the no visibility tone when they report this month. How will the markets react to this? Who knows. In general, I'd think the negative guidance can't help equity and markets will be lower in October. However if there're positive developments in the war against terrorists, earnings warnings will be ignored. If bin laden is caught, the Dow will surge 1000 pts overnight. The only thing I can say with certainty is there'll be lotsa uncertainties in the next 3 weeks. With that in mind, I try to balance my portfolio with longs and shorts. As for Fed cut, for the first time we have a split poll here, another indication of uncertainty. Poll: 3 for 0 bp 6 for 25 bp 6 for 50 bp Regards, Tom

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