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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call
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To: Win-Lose-Draw who wrote (3962)2/25/2003 11:06:05 PM
From: Softechie  Read Replies (1) of 11447
 
Plan for tomorrow: Everyone have their eyes on the charts for COMPQ, NDX, SPX, SOX. They know the resistance lines since these indexes are banging on them now.

For most cautious traders they will wait to get a confirmation on the trend.

For active traders they will sell aggressive at resistance lines and cover at support lines.

For Da Masses, they won't sell since Da Crooks have yelled loud enough that once war starts there will be a huge rally and new bull market. Why sell now when you know war will start very soon. Da Crooks have taught them well.

Media won't talk about valuation because they know market is still way too expensive so they all blame on Iraq and N.Korea. That's the American way. It's someone else problems.

So what to do?
I plan short aggressive at resistance lines and hedge my bets...sit back and have a cold beer...
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